EUR/USD Technical Analysis: Euro bulls climb back to 1.1300 as US inflation data misses estimates

EUR/USD 4-hour chart

  • EUR/USD is trading in a bear trend below the 200-period simple moving average. 
  • EUR/USD is finding some support as the US Core CPI for October YoY came in at 2.1% vs. 2.2% forecast. 
  • Despite the downtrend, the bulls are currently in control and should keep the market supported above 1.1250. The next target is likely the 1.1350 level. 

Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.13
    Daily change: 15 pips
    Daily change: 0.133%
    Daily Open: 1.1285
Trends:
    Daily SMA20: 1.1394
    Daily SMA50: 1.1527
    Daily SMA100: 1.157
    Daily SMA200: 1.1829
Levels:
    Daily High: 1.1294
    Daily Low: 1.1216
    Weekly High: 1.15
    Weekly Low: 1.1316
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1264
    Daily Fibonacci 61.8%: 1.1246
    Daily Pivot Point S1: 1.1236
    Daily Pivot Point S2: 1.1186
    Daily Pivot Point S3: 1.1157
    Daily Pivot Point R1: 1.1314
    Daily Pivot Point R2: 1.1344
    Daily Pivot Point R3: 1.1393

 

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