The EURUSD currency pair, trading at a rate of 1.08082, bounces back after experiencing losses for two days in a row.
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- EUR/USD reverses two consecutive sessions of losses.
The pair currently trades last at 1.08082.
The previous day high was 1.0842 while the previous day low was 1.0766. The daily 38.2% Fib levels comes at 1.0795, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0813, expected to provide resistance.
EUR/USD manages to regain some balance and reclaims the 1.0800 neighbourhood at the beginning of the week.
In case bears regain the upper hand, the pair could slip back to the August low of 1.0765 (August 25). South from here emerges the May low of 1.0635 (May 31) ahead of the 2023 low of 1.0481 (January 6).
A drop below the 200-day SMA, today at 1.0805, should keep extra pullbacks in store for the time being.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0805 at the time of writing. Pair opened at 1.0796 and is trading with a change of 0.08 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0805 |
| 1 | Today Daily Change | 30.0000 |
| 2 | Today Daily Change % | 0.0800 |
| 3 | Today daily open | 1.0796 |
The pair is trading below its 20 Daily moving average @ 1.0919, below its 50 Daily moving average @ 1.0977 , below its 100 Daily moving average @ 1.0928 and above its 200 Daily moving average @ 1.0804
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0919 |
| 1 | Daily SMA50 | 1.0977 |
| 2 | Daily SMA100 | 1.0928 |
| 3 | Daily SMA200 | 1.0804 |
The previous day high was 1.0842 while the previous day low was 1.0766. The daily 38.2% Fib levels comes at 1.0795, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0813, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0761, 1.0725, 1.0685
- Pivot resistance is noted at 1.0836, 1.0877, 1.0912
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0842 |
| Previous Daily Low | 1.0766 |
| Previous Weekly High | 1.0930 |
| Previous Weekly Low | 1.0766 |
| Previous Monthly High | 1.1276 |
| Previous Monthly Low | 1.0834 |
| Daily Fibonacci 38.2% | 1.0795 |
| Daily Fibonacci 61.8% | 1.0813 |
| Daily Pivot Point S1 | 1.0761 |
| Daily Pivot Point S2 | 1.0725 |
| Daily Pivot Point S3 | 1.0685 |
| Daily Pivot Point R1 | 1.0836 |
| Daily Pivot Point R2 | 1.0877 |
| Daily Pivot Point R3 | 1.0912 |
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