The EURUSD pair, currently at 1.10353, continues to increase in value above the 1.1000 level, building on the gains it made on Wednesday.
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- EUR/USD adds to Wednesday’s gains north of 1.1000.
The pair currently trades last at 1.10353.
The previous day high was 1.0995 while the previous day low was 1.0952. The daily 38.2% Fib levels comes at 1.0979, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0969, expected to provide support.
EUR/USD picks up further pace and surpasses the key barrier at 1.1000 the figure on Thursday.
Further gains now need to quickly clear the August high at 1.1064 (August 10) to allow for a rapid challenge of the weekly peak at 1.1149 (July 27). Once the latter is cleared, the pair’s downside pressure is expected to mitigate.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0766.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.1016 at the time of writing. Pair opened at 1.0974 and is trading with a change of 0.38 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.1016 |
| 1 | Today Daily Change | 97.0000 |
| 2 | Today Daily Change % | 0.3800 |
| 3 | Today daily open | 1.0974 |
The pair is trading below its 20 Daily moving average @ 1.1069, above its 50 Daily moving average @ 1.0953 , above its 100 Daily moving average @ 1.0926 and above its 200 Daily moving average @ 1.0761
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.1069 |
| 1 | Daily SMA50 | 1.0953 |
| 2 | Daily SMA100 | 1.0926 |
| 3 | Daily SMA200 | 1.0761 |
The previous day high was 1.0995 while the previous day low was 1.0952. The daily 38.2% Fib levels comes at 1.0979, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0969, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0952, 1.0931, 1.0909
- Pivot resistance is noted at 1.0996, 1.1017, 1.1039
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0995 |
| Previous Daily Low | 1.0952 |
| Previous Weekly High | 1.1046 |
| Previous Weekly Low | 1.0912 |
| Previous Monthly High | 1.1276 |
| Previous Monthly Low | 1.0834 |
| Daily Fibonacci 38.2% | 1.0979 |
| Daily Fibonacci 61.8% | 1.0969 |
| Daily Pivot Point S1 | 1.0952 |
| Daily Pivot Point S2 | 1.0931 |
| Daily Pivot Point S3 | 1.0909 |
| Daily Pivot Point R1 | 1.0996 |
| Daily Pivot Point R2 | 1.1017 |
| Daily Pivot Point R3 | 1.1039 |
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