The EURUSD currency pair hits a low near the 1.0770 level, then rebounds to approximately 1.08081.
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- EUR/USD bounces off lows around the 1.0770 zone.
The pair currently trades last at 1.08081.
The previous day high was 1.0877 while the previous day low was 1.0805. The daily 38.2% Fib levels comes at 1.0832, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0849, expected to provide resistance.
EUR/USD remains under pressure and wobbles round 1.0800 after bottoming out in the 1.0770/65 band, or new monthly lows, earlier on Friday.
The loss of the August low favours extra losses to, initially, the May low of 1.0635 (May 31) prior to the 2023 low of 1.0481 seen in early January.
A drop below the 200-day SMA should keep extra pullbacks in store for the time being.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0804 at the time of writing. Pair opened at 1.081 and is trading with a change of -0.06 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0804 |
| 1 | Today Daily Change | 51.0000 |
| 2 | Today Daily Change % | -0.0600 |
| 3 | Today daily open | 1.0810 |
The pair is trading below its 20 Daily moving average @ 1.093, below its 50 Daily moving average @ 1.098 , below its 100 Daily moving average @ 1.0929 and above its 200 Daily moving average @ 1.0801
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0930 |
| 1 | Daily SMA50 | 1.0980 |
| 2 | Daily SMA100 | 1.0929 |
| 3 | Daily SMA200 | 1.0801 |
The previous day high was 1.0877 while the previous day low was 1.0805. The daily 38.2% Fib levels comes at 1.0832, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0849, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0785, 1.0759, 1.0713
- Pivot resistance is noted at 1.0856, 1.0902, 1.0928
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0877 |
| Previous Daily Low | 1.0805 |
| Previous Weekly High | 1.0960 |
| Previous Weekly Low | 1.0845 |
| Previous Monthly High | 1.1276 |
| Previous Monthly Low | 1.0834 |
| Daily Fibonacci 38.2% | 1.0832 |
| Daily Fibonacci 61.8% | 1.0849 |
| Daily Pivot Point S1 | 1.0785 |
| Daily Pivot Point S2 | 1.0759 |
| Daily Pivot Point S3 | 1.0713 |
| Daily Pivot Point R1 | 1.0856 |
| Daily Pivot Point R2 | 1.0902 |
| Daily Pivot Point R3 | 1.0928 |
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