EUR/USD: Slight decline following the stats in the US, the point on the thresholds to monitor


© Reuters. EUR/USD declines slightly, following the stats for US

Investing.com – The u.s. statistics published at 14: 30 weigh on the EUR/USD pair this afternoon, the Dollar advantage of figures were better than expected.

The index of the Philadelphia Fed for the month of January is, in fact, stood at 17 points, compared with 9.7 points in advance, while the inscriptions weekly unemployment are shown to 213k, below the 219k anticipated.

In this context, there has been an accelerating uptrend of the greenback, as can be seen on the graphs of the short-term the Dollar Index continued to publications.

On the EUR/USD pair, we note a slight decrease, while the pair tested actively for a few hours the psychological threshold of 1.14, without success.

It should be noted, however, that the EUR/USD pair also takes advantage of the positive influence of the net increase in the GBP/USD today, which limits the fall.

Technical thresholds to monitor

In the case of continued decline, the low of this morning at 1.1370 will be the first medium potential to monitor, before 1.1350, 1.13, 1.1270 and 1.1215, the low annual 2018.

The increase, the area around 1.14 is to be regarded as immediate resistance, before 1.1420-25, 1.1450, and 1.1480-1.15.

It will also need to take into account in case of a bounce of a trend line is downward visible from the top of the 9th January, currently around 1.1420, as well as moving averages of 100 and 200 hours, respectively, at 1.1437 and 1.1461.

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