The EURUSD pair, currently at 1.08895, successfully bounces back above the 1.0900 barrier.
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- EUR/USD manages to rebound past the 1.0900 hurdle.
The pair currently trades last at 1.08895.
The previous day high was 1.0894 while the previous day low was 1.0845. The daily 38.2% Fib levels comes at 1.0864, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0875, expected to provide support.
EUR/USD reverses six consecutive daily pullbacks and regains the 1.0900 hurdle and above on Monday.
If the pair resumes the downside it is expected to revisit the August low of 1.0844 (August 18) prior to the July low of 1.0833 (July 6). The loss of this region leaves the pair vulnerable to a probable test of the critical 200-day SMA at 1.0792 in the short-term horizon.
In the meantime, the pair’s positive outlook remains unchanged while above the 200-day SMA.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0893 at the time of writing. Pair opened at 1.0872 and is trading with a change of 0.19 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0893 |
| 1 | Today Daily Change | 48.0000 |
| 2 | Today Daily Change % | 0.1900 |
| 3 | Today daily open | 1.0872 |
The pair is trading below its 20 Daily moving average @ 1.0969, below its 50 Daily moving average @ 1.0978 , below its 100 Daily moving average @ 1.0931 and above its 200 Daily moving average @ 1.0791
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0969 |
| 1 | Daily SMA50 | 1.0978 |
| 2 | Daily SMA100 | 1.0931 |
| 3 | Daily SMA200 | 1.0791 |
The previous day high was 1.0894 while the previous day low was 1.0845. The daily 38.2% Fib levels comes at 1.0864, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0875, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0846, 1.0821, 1.0798
- Pivot resistance is noted at 1.0895, 1.0919, 1.0944
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0894 |
| Previous Daily Low | 1.0845 |
| Previous Weekly High | 1.0960 |
| Previous Weekly Low | 1.0845 |
| Previous Monthly High | 1.1276 |
| Previous Monthly Low | 1.0834 |
| Daily Fibonacci 38.2% | 1.0864 |
| Daily Fibonacci 61.8% | 1.0875 |
| Daily Pivot Point S1 | 1.0846 |
| Daily Pivot Point S2 | 1.0821 |
| Daily Pivot Point S3 | 1.0798 |
| Daily Pivot Point R1 | 1.0895 |
| Daily Pivot Point R2 | 1.0919 |
| Daily Pivot Point R3 | 1.0944 |
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