The EURUSD pair, which was at 1.07442, has risen to reach fresh highs beyond 1.0790 that haven’t been experienced in several weeks.
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- EUR/USD advances to new multi-week highs around 1.0790.
The pair currently trades last at 1.07442.
The previous day high was 1.0785 while the previous day low was 1.0743. The daily 38.2% Fib levels comes at 1.0759, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0769, expected to provide resistance.
EUR/USD resumes the upside bias following Friday’s marked pullback and approaches the 1.0800 region.
A more serious bullish attempt is expected to quickly surpass the so far monthly high at 1.0790 (June 12), which is closely followed by the round level at 1.0800. The latter, in turn, appears propped up by the temporary 100-day SMA at 1.0805.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0522.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0764 at the time of writing. Pair opened at 1.0749 and is trading with a change of 0.14 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0764 |
| 1 | Today Daily Change | 46.0000 |
| 2 | Today Daily Change % | 0.1400 |
| 3 | Today daily open | 1.0749 |
The pair is trading above its 20 Daily moving average @ 1.0759, below its 50 Daily moving average @ 1.0885 , below its 100 Daily moving average @ 1.0808 and above its 200 Daily moving average @ 1.052
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0759 |
| 1 | Daily SMA50 | 1.0885 |
| 2 | Daily SMA100 | 1.0808 |
| 3 | Daily SMA200 | 1.0520 |
The previous day high was 1.0785 while the previous day low was 1.0743. The daily 38.2% Fib levels comes at 1.0759, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0769, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0733, 1.0717, 1.069
- Pivot resistance is noted at 1.0775, 1.0801, 1.0817
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0785 |
| Previous Daily Low | 1.0743 |
| Previous Weekly High | 1.0787 |
| Previous Weekly Low | 1.0667 |
| Previous Monthly High | 1.1092 |
| Previous Monthly Low | 1.0635 |
| Daily Fibonacci 38.2% | 1.0759 |
| Daily Fibonacci 61.8% | 1.0769 |
| Daily Pivot Point S1 | 1.0733 |
| Daily Pivot Point S2 | 1.0717 |
| Daily Pivot Point S3 | 1.0690 |
| Daily Pivot Point R1 | 1.0775 |
| Daily Pivot Point R2 | 1.0801 |
| Daily Pivot Point R3 | 1.0817 |
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