EURUSD @ 1.01575 – Support/Resistance analysis: Price Analysis: Decent contention lies near 1.0100
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- EUR/USD drops further and revisits the 1.0120 area.
- Extra losses should meet solid support around 1.0100.
The pair currently trades last at 1.01575.
The previous day high was 1.0268 while the previous day low was 1.0155. The daily 38.2% Fib levels comes at 1.0198, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0225, expected to provide resistance.
EUR/USD challenges the August lows in the vicinity of 1.0120 on turnaround Tuesday.
While further correction appears likely in the short-term horizon, the lower end of the recent range in the 1.0100 zone should offer decent support prior to a potential challenge of the psychological parity level.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0880.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0144 at the time of writing. Pair opened at 1.0162 and is trading with a change of -0.18 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0144 |
| 1 | Today Daily Change | 47.0000 |
| 2 | Today Daily Change % | -0.1800 |
| 3 | Today daily open | 1.0162 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 1.0213, 50 SMA 1.0318, 100 SMA @ 1.0516 and 200 SMA @ 1.0889.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0213 |
| 1 | Daily SMA50 | 1.0318 |
| 2 | Daily SMA100 | 1.0516 |
| 3 | Daily SMA200 | 1.0889 |
The previous day high was 1.0268 while the previous day low was 1.0155. The daily 38.2% Fib levels comes at 1.0198, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0225, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0122, 1.0081, 1.0008
- Pivot resistance is noted at 1.0236, 1.0309, 1.0349
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0268 |
| Previous Daily Low | 1.0155 |
| Previous Weekly High | 1.0369 |
| Previous Weekly Low | 1.0159 |
| Previous Monthly High | 1.0486 |
| Previous Monthly Low | 0.9952 |
| Daily Fibonacci 38.2% | 1.0198 |
| Daily Fibonacci 61.8% | 1.0225 |
| Daily Pivot Point S1 | 1.0122 |
| Daily Pivot Point S2 | 1.0081 |
| Daily Pivot Point S3 | 1.0008 |
| Daily Pivot Point R1 | 1.0236 |
| Daily Pivot Point R2 | 1.0309 |
| Daily Pivot Point R3 | 1.0349 |
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