#EURUSD @ 0.99734 -imp levels: extends the downside below the parity zone.
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- EUR/USD extends the downside below the parity zone.
- A deeper retracement could see the 2022 in the mid-0.9900s retested.
The pair currently trades last at 0.99734.
The previous day high was 1.0096 while the previous day low was 1.0032. The daily 38.2% Fib levels comes at 1.0056, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0071, expected to provide resistance.
EUR/USD breaks below the parity level to clinch fresh 6-week lows at the beginning of the week.
Further losses appear in the pipeline for the time being. Against that, the pair could confront the 2022 low at 0.9952 (July 14) in case of a convincing breakdown of the parity region.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0852.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0004 at the time of writing. Pair opened at 1.0038 and is trading with a change of -0.34 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0004 |
| 1 | Today Daily Change | 57.0000 |
| 2 | Today Daily Change % | -0.3400 |
| 3 | Today daily open | 1.0038 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 1.0195, 50 SMA 1.0276, 100 SMA @ 1.0478 and 200 SMA @ 1.0861.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0195 |
| 1 | Daily SMA50 | 1.0276 |
| 2 | Daily SMA100 | 1.0478 |
| 3 | Daily SMA200 | 1.0861 |
The previous day high was 1.0096 while the previous day low was 1.0032. The daily 38.2% Fib levels comes at 1.0056, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0071, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0015, 0.9992, 0.9952
- Pivot resistance is noted at 1.0078, 1.0119, 1.0142
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0096 |
| Previous Daily Low | 1.0032 |
| Previous Weekly High | 1.0268 |
| Previous Weekly Low | 1.0032 |
| Previous Monthly High | 1.0486 |
| Previous Monthly Low | 0.9952 |
| Daily Fibonacci 38.2% | 1.0056 |
| Daily Fibonacci 61.8% | 1.0071 |
| Daily Pivot Point S1 | 1.0015 |
| Daily Pivot Point S2 | 0.9992 |
| Daily Pivot Point S3 | 0.9952 |
| Daily Pivot Point R1 | 1.0078 |
| Daily Pivot Point R2 | 1.0119 |
| Daily Pivot Point R3 | 1.0142 |
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