On Tuesday, there is a strong sense of positivity surrounding #EURUSD @ 1.09686.
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- EUR/USD keeps the optimism well in place on Tuesday.
The pair currently trades last at 1.09686.
The previous day high was 1.092 while the previous day low was 1.0887. The daily 38.2% Fib levels comes at 1.0908, expected to provide support. Similarly, the daily 61.8% fib level is at 1.09, expected to provide support.
EUR/USD adds to Monday’s advance and climbs to 3-day highs in the 1.0970/75 band on Tuesday.
Price action around the pair looks firmer for the time being. That said, the next resistance level of note comes at the psychological 1.1000 barrier ahead of the June peak at 1.1012 (June 22). North from here, the pair is expected to embark on a move to the 2023 top just below 1.1100 (April 26).
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0572.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0965 at the time of writing. Pair opened at 1.0906 and is trading with a change of 0.54 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0965 |
| 1 | Today Daily Change | 71.0000 |
| 2 | Today Daily Change % | 0.5400 |
| 3 | Today daily open | 1.0906 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0819, 50 SMA 1.0876, 100 SMA @ 1.0811 and 200 SMA @ 1.0569.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0819 |
| 1 | Daily SMA50 | 1.0876 |
| 2 | Daily SMA100 | 1.0811 |
| 3 | Daily SMA200 | 1.0569 |
The previous day high was 1.092 while the previous day low was 1.0887. The daily 38.2% Fib levels comes at 1.0908, expected to provide support. Similarly, the daily 61.8% fib level is at 1.09, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0889, 1.0872, 1.0856
- Pivot resistance is noted at 1.0922, 1.0937, 1.0954
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0920 |
| Previous Daily Low | 1.0887 |
| Previous Weekly High | 1.1012 |
| Previous Weekly Low | 1.0844 |
| Previous Monthly High | 1.1092 |
| Previous Monthly Low | 1.0635 |
| Daily Fibonacci 38.2% | 1.0908 |
| Daily Fibonacci 61.8% | 1.0900 |
| Daily Pivot Point S1 | 1.0889 |
| Daily Pivot Point S2 | 1.0872 |
| Daily Pivot Point S3 | 1.0856 |
| Daily Pivot Point R1 | 1.0922 |
| Daily Pivot Point R2 | 1.0937 |
| Daily Pivot Point R3 | 1.0954 |
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