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EUR/USD Technical Analysis: Bulls erase NFP’s drop as 1.1400 is back on the table

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200-period simple moving average (SMA).
  • Following some Powell’s dovish comments bulls regained some ground after the NFP inspired drop.

EUR/USD 4-hour chart

  • EUR/USD is currently challenging the 50 SMA and the 1.1400 figure.

EUR/USD 30-minute chart

  • EUR/USD is once again capped by the 200 SMA.
  • The level to beat for bulls is 1.1440 and 1.1470 while to the downside 1.1350 and 1.1320 are seen as potential bear targets.
  • The main trend is bearish therefore the bears are likely in control in the coming sessions. 

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1397
    Today Daily change: -1.0 pips
    Today Daily change %: -0.00877%
    Today Daily Open: 1.1398
Trends:
    Previous Daily SMA20: 1.1388
    Previous Daily SMA50: 1.1372
    Previous Daily SMA100: 1.148
    Previous Daily SMA200: 1.1652
Levels:
    Previous Daily High: 1.1412
    Previous Daily Low: 1.1309
    Previous Weekly High: 1.1478
    Previous Weekly Low: 1.1343
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Previous Daily Fibonacci 38.2%: 1.1372
    Previous Daily Fibonacci 61.8%: 1.1348
    Previous Daily Pivot Point S1: 1.1335
    Previous Daily Pivot Point S2: 1.1271
    Previous Daily Pivot Point S3: 1.1232
    Previous Daily Pivot Point R1: 1.1437
    Previous Daily Pivot Point R2: 1.1475
    Previous Daily Pivot Point R3: 1.1539

 

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