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

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.

Additional key levels

EUR/USD

Overview:
Today Last Price: 1.1488
Today Daily change: -10 pips
Today Daily change %: -0.0870%
Today Daily Open: 1.1498
Trends:
Previous Daily SMA20: 1.1415
Previous Daily SMA50: 1.1383
Previous Daily SMA100: 1.1478
Previous Daily SMA200: 1.1631
Levels:
Previous Daily High: 1.1571
Previous Daily Low: 1.1485
Previous Weekly High: 1.1586
Previous Weekly Low: 1.1309
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Previous Daily Fibonacci 38.2%: 1.1518
Previous Daily Fibonacci 61.8%: 1.1538
Previous Daily Pivot Point S1: 1.1465
Previous Daily Pivot Point S2: 1.1431
Previous Daily Pivot Point S3: 1.1378
Previous Daily Pivot Point R1: 1.1552
Previous Daily Pivot Point R2: 1.1605
Previous Daily Pivot Point R3: 1.1638