• The Michigan Consumer Sentiment Index for May is expected to come out at 97.5. It is scheduled for 14:00 GMT.
  • EUR/USD is testing the daily highs, will the US data provide another leg down or will bulls bring the market above 1.1180 resistance? Stay tuned.


EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). 



EUR/USD 4-hour chart

EUR/USD is trading below its main SMAs suggesting a bearish bias in the near term. 

EUR/USD 30-minute chart

The market is trading below its main SMAs suggesting a bearish bias in the short term. The market challenged the 1.1160 support but found no acceptance so far. A break below this level is necessary to reach 1.1140 and 1.1110 to the downside. A break above 1.1180 would probably see the currency pair re-entering the range we saw in the last weeks of trading. Resistance is at 1.1200 and 1.1220 level.

Additional key levels

EUR/USD

Overview
Today last price 1.1175
Today Daily Change -0.0003
Today Daily Change % -0.03
Today daily open 1.1178
 
Trends
Daily SMA20 1.1199
Daily SMA50 1.1246
Daily SMA100 1.1314
Daily SMA200 1.1396
Levels
Previous Daily High 1.1226
Previous Daily Low 1.1166
Previous Weekly High 1.1254
Previous Weekly Low 1.1166
Previous Monthly High 1.1326
Previous Monthly Low 1.1111
Daily Fibonacci 38.2% 1.1189
Daily Fibonacci 61.8% 1.1203
Daily Pivot Point S1 1.1155
Daily Pivot Point S2 1.1131
Daily Pivot Point S3 1.1096
Daily Pivot Point R1 1.1214
Daily Pivot Point R2 1.1249
Daily Pivot Point R3 1.1273

 

 

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