The currency pair EURUSD quickly bounces back and recovers the position above the 1.1000 level.
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- EUR/USD rebounds sharply and reclaims the area above 1.1000.
The pair currently trades last at 1.10178.
The previous day high was 1.0963 while the previous day low was 1.0912. The daily 38.2% Fib levels comes at 1.0944, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0932, expected to provide support.
EUR/USD adds to Thursday’s advance and climbs to four-day highs north of the key 1.1000 barrier on Friday.
Further gains in the pair should meet the next hurdle at the weekly peak of 1.1149 (July 27). The surpass of this level should alleviate the downside pressure and allow for a potential move to the 2023 high at 1.1275 (July 18).
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0743.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.1021 at the time of writing. Pair opened at 1.0949 and is trading with a change of 0.66 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.1021 |
| 1 | Today Daily Change | 90.0000 |
| 2 | Today Daily Change % | 0.6600 |
| 3 | Today daily open | 1.0949 |
The pair is trading below its 20 Daily moving average @ 1.1077, above its 50 Daily moving average @ 1.0931 , above its 100 Daily moving average @ 1.0917 and above its 200 Daily moving average @ 1.0739
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.1077 |
| 1 | Daily SMA50 | 1.0931 |
| 2 | Daily SMA100 | 1.0917 |
| 3 | Daily SMA200 | 1.0739 |
The previous day high was 1.0963 while the previous day low was 1.0912. The daily 38.2% Fib levels comes at 1.0944, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0932, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.092, 1.0891, 1.0869
- Pivot resistance is noted at 1.097, 1.0992, 1.1021
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0963 |
| Previous Daily Low | 1.0912 |
| Previous Weekly High | 1.1150 |
| Previous Weekly Low | 1.0944 |
| Previous Monthly High | 1.1276 |
| Previous Monthly Low | 1.0834 |
| Daily Fibonacci 38.2% | 1.0944 |
| Daily Fibonacci 61.8% | 1.0932 |
| Daily Pivot Point S1 | 1.0920 |
| Daily Pivot Point S2 | 1.0891 |
| Daily Pivot Point S3 | 1.0869 |
| Daily Pivot Point R1 | 1.0970 |
| Daily Pivot Point R2 | 1.0992 |
| Daily Pivot Point R3 | 1.1021 |
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