Jan 11, 2019
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.