The bullish momentum of EURUSD at 1.09424 remains unchanged for the week.
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- EUR/USD maintains the bullish move intact so far this week.
The pair currently trades last at 1.09424.
The previous day high was 1.0892 while the previous day low was 1.0782. The daily 38.2% Fib levels comes at 1.085, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0824, expected to provide support.
EUR/USD picks up further pace and climbs to weekly highs near 1.0930, an area coincident with the 100-day SMA, on Wednesday.
The pair’s current momentum seems to be favouring the continuation of the march north for the time being. That said, there is a temporary hurdle at the 55-day SMA at 1.0968, which precedes the psychological 1.1000 mark and the August top of 1.1064 (August 10).
In the meantime, the pair is likely to remain bid while above the 200-day SMA, today at 1.0810.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0927 at the time of writing. Pair opened at 1.088 and is trading with a change of 0.43 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0927 |
| 1 | Today Daily Change | 79.0000 |
| 2 | Today Daily Change % | 0.4300 |
| 3 | Today daily open | 1.0880 |
The pair is trading above its 20 Daily moving average @ 1.0905, below its 50 Daily moving average @ 1.0974 , below its 100 Daily moving average @ 1.0927 and above its 200 Daily moving average @ 1.0809
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0905 |
| 1 | Daily SMA50 | 1.0974 |
| 2 | Daily SMA100 | 1.0927 |
| 3 | Daily SMA200 | 1.0809 |
The previous day high was 1.0892 while the previous day low was 1.0782. The daily 38.2% Fib levels comes at 1.085, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0824, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0811, 1.0742, 1.0701
- Pivot resistance is noted at 1.092, 1.0961, 1.103
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0892 |
| Previous Daily Low | 1.0782 |
| Previous Weekly High | 1.0930 |
| Previous Weekly Low | 1.0766 |
| Previous Monthly High | 1.1276 |
| Previous Monthly Low | 1.0834 |
| Daily Fibonacci 38.2% | 1.0850 |
| Daily Fibonacci 61.8% | 1.0824 |
| Daily Pivot Point S1 | 1.0811 |
| Daily Pivot Point S2 | 1.0742 |
| Daily Pivot Point S3 | 1.0701 |
| Daily Pivot Point R1 | 1.0920 |
| Daily Pivot Point R2 | 1.0961 |
| Daily Pivot Point R3 | 1.1030 |
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