The downward movement of EUR/USD at 1.09370 continues to gain momentum on Tuesday.
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- EUR/USD’s downside picks up further traction on Tuesday.
The pair currently trades last at 1.09370.
The previous day high was 1.1018 while the previous day low was 1.0966. The daily 38.2% Fib levels comes at 1.0986, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0998, expected to provide resistance.
EUR/USD extends the downward bias to new weekly lows near 1.0930 on Tuesday.
In case losses accelerate, spot should face interim contention at the 55-day and 100-day SMAs at 1.0925 and 1.0923, respectively, prior to the so far August low at 1.0912 (August 3). Once the latter is breached on a convincing fashion, the pair could embark on a move to the July low of 1.0833 (July 6).
In the meantime, while below the weekly high of 1.1149 (July 27), the pair risks further retracements for the time being.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0748.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0951 at the time of writing. Pair opened at 1.1002 and is trading with a change of -0.46 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0951 |
| 1 | Today Daily Change | 77.0000 |
| 2 | Today Daily Change % | -0.4600 |
| 3 | Today daily open | 1.1002 |
The pair is trading below its 20 Daily moving average @ 1.108, above its 50 Daily moving average @ 1.0942 , above its 100 Daily moving average @ 1.0923 and above its 200 Daily moving average @ 1.075
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.1080 |
| 1 | Daily SMA50 | 1.0942 |
| 2 | Daily SMA100 | 1.0923 |
| 3 | Daily SMA200 | 1.0750 |
The previous day high was 1.1018 while the previous day low was 1.0966. The daily 38.2% Fib levels comes at 1.0986, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0998, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0973, 1.0943, 1.092
- Pivot resistance is noted at 1.1025, 1.1048, 1.1078
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1018 |
| Previous Daily Low | 1.0966 |
| Previous Weekly High | 1.1046 |
| Previous Weekly Low | 1.0912 |
| Previous Monthly High | 1.1276 |
| Previous Monthly Low | 1.0834 |
| Daily Fibonacci 38.2% | 1.0986 |
| Daily Fibonacci 61.8% | 1.0998 |
| Daily Pivot Point S1 | 1.0973 |
| Daily Pivot Point S2 | 1.0943 |
| Daily Pivot Point S3 | 1.0920 |
| Daily Pivot Point R1 | 1.1025 |
| Daily Pivot Point R2 | 1.1048 |
| Daily Pivot Point R3 | 1.1078 |
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