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- Try a lukewarm revival above 5-DMA after the return of the dollar.
- Expects industrial production data from the euro area and the US CPI for a new business momentum.
New bids emerged near the daily pivot at 1.1310, allowing for a warm rebound in the EUR / USD to try to find the barrier of 5-DMA at 1.1321. At the time of the press, the pair is trading at 1.1322, up + 0.10% over the day.
Despite the latest advance, bulls remain cautious about the US dollar's general return, as markets remain focused on the outcome of US-China trade talks starting tomorrow.
In addition, the US dollar index climbed 96.64 to reach its daily high of 96.84, while markets expect an acceleration in the US CPI, which is expected to reach 0.1 % m / m in January, compared to 0.0% for the last year, while base numbers should stabilize at 0.2% between the months.
On the euro side, recent unfavorable fundamentals in the euro zone continue to undermine sentiment around the common currency, which could delay any recovery.
At the same time, the negative tone around German 10-year bond yields could also dampen bullish attempts, with the focus immediately on euro zone industrial production data expected at 10:00 GMT, which could contribute to the economic recovery mode.
EUR / USD levels to watch
Overview:
Today Last Price: 1.1330
Today Daily change: 4 pips
Today Daily Change%: -0.04%
Today open daily: 1.1332
Tendencies:
Daily SMA20: 1.1386
Daily SMA50: 1.1398
Daily SMA100: 1.1416
Daily SMA200: 1.1538
levels:
Best Everyday Previous: 1.1342
Daily minimum previous: 1.1258
Back to top Previous week: 1.1462
Previous weekly Stock: 1.132
Best last month: 1.1586
Previous Month Low: 1.1289
Daily Fibonacci 38.2%: 1.1309
Daily Fibonacci 61.8%: 1.129
Daily pivot point S1: 1.1279
Daily pivot point S2: 1.1226
Daily pivot point S3: 1.1195
Daily pivot point 1: 1.1363
Daily pivot point R2: 1.1394
Daily pivot point R3: 1.1447
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