EUR/USD Technical Analysis: FOMC knee-jerk reaction down – Euro bulls waiting around the corner

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EUR/USD daily chart

  • EUR/USD is evolving in a bear trend below the 200-day simple moving average (SMA).
  • EUR/USD dropped about 30 pips after the release of the FOMC Minutes which were less dovish than expected.
  • However, this is most likely to be seen as a small pullback down as Euro bulls should be back rather soon.


	EUR/USD Technical Analysis: FOMC knee-jerk reaction down - Euro bulls waiting around the corner

EUR/USD 4-hour chart

  • EUR/USD is currently rejecting the 100 SMA.


	EUR/USD Technical Analysis: FOMC knee-jerk reaction down - Euro bulls waiting around the corner

EUR/USD 30-minute chart

  • EUR/USD is trading above the 200 SMA but bears are trying to brake below the 50 SMA suggesting a pullback.
  • Bulls are still in contriol and a break above 1.1360 should lead to 1.1380 and 1.1400 figure.
  • To the downside, support is at 1.1330 and 1.1280 key level.


	EUR/USD Technical Analysis: FOMC knee-jerk reaction down - Euro bulls waiting around the corner

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1341
    Today Daily change: -2 pips
    Today Daily change %: -0.02%
    Today Daily Open: 1.1343
Trends:
    Daily SMA20: 1.1368
    Daily SMA50: 1.1392
    Daily SMA100: 1.14
    Daily SMA200: 1.1524
Levels:
    Previous Daily High: 1.1358
    Previous Daily Low: 1.1276
    Previous Weekly High: 1.1344
    Previous Weekly Low: 1.1234
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1327
    Daily Fibonacci 61.8%: 1.1307
    Daily Pivot Point S1: 1.1293
    Daily Pivot Point S2: 1.1243
    Daily Pivot Point S3: 1.121
    Daily Pivot Point R1: 1.1376
    Daily Pivot Point R2: 1.1409
    Daily Pivot Point R3: 1.1459

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