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EUR/USD Technical Analysis: Euro advancing towards 1.1400 figure post-US CPI

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 50, 100 and 200-day simple moving average (SMA).
  • The Core US Consumer Price Index y/y for November came in at 2.2% in line with market expectations.

EUR/USD 4-hour chart

  • EUR/USD is testing the main SMAs near 1.1350. 

EUR/USD 30-minute chart

  • EUR/USD regained the downward sloping 50 and 100 SMA.
  • The 1.1365 level and the 200 SMA are the resistances that bulls will need to overcome. 
  • A break of 1.1365 can lead to an advance to 1.1400 figure. 

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1353
    Today Daily change: 25 pips
    Today Daily change %: 0.221%
    Today Daily Open: 1.1328
Trends:
    Previous Daily SMA20: 1.1361
    Previous Daily SMA50: 1.1409
    Previous Daily SMA100: 1.1508
    Previous Daily SMA200: 1.1733
Levels:
    Previous Daily High: 1.14
    Previous Daily Low: 1.1306
    Previous Weekly High: 1.1424
    Previous Weekly Low: 1.1311
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1342
    Previous Daily Fibonacci 61.8%: 1.1365
    Previous Daily Pivot Point S1: 1.1289
    Previous Daily Pivot Point S2: 1.1251
    Previous Daily Pivot Point S3: 1.1195
    Previous Daily Pivot Point R1: 1.1383
    Previous Daily Pivot Point R2: 1.1439
    Previous Daily Pivot Point R3: 1.1477

 

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