#EURUSD @ 1.00165 -imp levels: regains composure after the earlier drop near 0.9900.

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• EUR/USD regains composure after the earlier drop near 0.9900.
• Bullish attempts should meet initial hurdle near 1.0100.

The pair currently trades last at 1.00165.

The previous day high was 1.009 while the previous day low was 0.9946. The daily 38.2% Fib levels comes at 1.0001, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0035, expected to provide resistance.

EUR/USD reverses the initial pessimism, including a test of the vicinity of the 0.9900 zone on Monday.

The recent failure to advance beyond 1.0100 leaves this region as a potential near-term top, while the 0.9900 neighbourhood seems to offer quite a decent contention for the time being. The breach of the 2022 low at 0.9899 (August 23) could sponsor a deeper pullback to the December 2002 low at 0.9859.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0819.

Technical Levels: Supports and Resistances

EURUSD currently trading at 0.9998 at the time of writing. Pair opened at 0.9964 and is trading with a change of 0.34 % .

The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 1.0138, 50 SMA 1.0226, 100 SMA @ 1.0431 and 200 SMA @ 1.0827.

The previous day high was 1.009 while the previous day low was 0.9946. The daily 38.2% Fib levels comes at 1.0001, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0035, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 0.9911, 0.9857, 0.9767
• Pivot resistance is noted at 1.0054, 1.0144, 1.0198

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