EUR/USD Technical Analysis: Euro tumbles to daily lows post-US inflation

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EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200 SMA.
  • The US CPI (Consumer Producer Index) matched market expectations at 2.2% for December y/y. 

EUR/USD 4-hour chart.

  • EUR/USD is trading above its main SMAs.

EUR/USD 30-minute chart

  • Bears are now testing the 1.1500 figure and the 200 SMA. The next objective is most likely the 1.1470 and 1.1440 level followed by 1.1400 the figure. 

 

 

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