The EURUSD pair is currently trading close to the 1.1100 mark, which is its lowest level for the week.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EUR/USD trades in weekly lows near 1.1100.
The pair currently trades last at 1.11132.
The previous day high was 1.1229 while the previous day low was 1.1118. The daily 38.2% Fib levels comes at 1.1161, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1187, expected to provide resistance.
EUR/USD remains well offered and navigates the lower end of the weekly range near the 1.1100 neighbourhood.
The recent upside bias now appears alleviated and further losses seem to be in store for the pair in the near term instead. That said, a sustained drop below the weekly low of 1.1111 could motivate the pair to dispute the psychological hurdle at 1.1000 the figure.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0687.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.1119 at the time of writing. Pair opened at 1.113 and is trading with a change of -0.1 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.1119 |
| 1 | Today Daily Change | 33.0000 |
| 2 | Today Daily Change % | -0.1000 |
| 3 | Today daily open | 1.1130 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.1017, 50 SMA 1.0888, 100 SMA @ 1.0878 and 200 SMA @ 1.0682.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.1017 |
| 1 | Daily SMA50 | 1.0888 |
| 2 | Daily SMA100 | 1.0878 |
| 3 | Daily SMA200 | 1.0682 |
The previous day high was 1.1229 while the previous day low was 1.1118. The daily 38.2% Fib levels comes at 1.1161, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1187, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.1089, 1.1048, 1.0978
- Pivot resistance is noted at 1.12, 1.127, 1.131
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1229 |
| Previous Daily Low | 1.1118 |
| Previous Weekly High | 1.1245 |
| Previous Weekly Low | 1.0944 |
| Previous Monthly High | 1.1012 |
| Previous Monthly Low | 1.0662 |
| Daily Fibonacci 38.2% | 1.1161 |
| Daily Fibonacci 61.8% | 1.1187 |
| Daily Pivot Point S1 | 1.1089 |
| Daily Pivot Point S2 | 1.1048 |
| Daily Pivot Point S3 | 1.0978 |
| Daily Pivot Point R1 | 1.1200 |
| Daily Pivot Point R2 | 1.1270 |
| Daily Pivot Point R3 | 1.1310 |
[/s2If]
Download Nehcap EAWe have two EAs that are operational on our LIVE accounts.
- EA-FIX: Check out the details here. Download EA-FIX . EA-FIX is a non-grid HFT scalper.
- EA-GROWTH: High quality low dd EA using trend grids. Download EA_GROWTHJoin Our Telegram Group
