#EURUSD @ 1.05767 adds to Tuesday’s decline and retreats to 1.0570.
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- EUR/USD adds to Tuesday’s decline and retreats to 1.0570.
The pair currently trades last at 1.05767.
The previous day high was 1.0695 while the previous day low was 1.0583. The daily 38.2% Fib levels comes at 1.0626, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0652, expected to provide resistance.
EUR/USD remains under pressure and deflates to weekly lows in the 1.0570/65 band on Wednesday.
If losses accelerate, then the pair could drop to the weekly low of 1.0495 (October 13) prior to the 2023 low of 1.0448 (October 3). The loss of the later could put a probable visit to the round level of 1.0400 back on the radar in the not-so-distant future.
In the meantime, while below the 200-day SMA at 1.0815, the pair’s outlook should remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0572 at the time of writing. Pair opened at 1.059 and is trading with a change of -0.17 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0572 |
| 1 | Today Daily Change | 41.0000 |
| 2 | Today Daily Change % | -0.1700 |
| 3 | Today daily open | 1.0590 |
The pair is trading above its 20 Daily moving average @ 1.0558, below its 50 Daily moving average @ 1.0678 , below its 100 Daily moving average @ 1.0824 and below its 200 Daily moving average @ 1.0818
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0558 |
| 1 | Daily SMA50 | 1.0678 |
| 2 | Daily SMA100 | 1.0824 |
| 3 | Daily SMA200 | 1.0818 |
The previous day high was 1.0695 while the previous day low was 1.0583. The daily 38.2% Fib levels comes at 1.0626, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0652, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0551, 1.0511, 1.0439
- Pivot resistance is noted at 1.0662, 1.0734, 1.0774
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0695 |
| Previous Daily Low | 1.0583 |
| Previous Weekly High | 1.0617 |
| Previous Weekly Low | 1.0511 |
| Previous Monthly High | 1.0882 |
| Previous Monthly Low | 1.0488 |
| Daily Fibonacci 38.2% | 1.0626 |
| Daily Fibonacci 61.8% | 1.0652 |
| Daily Pivot Point S1 | 1.0551 |
| Daily Pivot Point S2 | 1.0511 |
| Daily Pivot Point S3 | 1.0439 |
| Daily Pivot Point R1 | 1.0662 |
| Daily Pivot Point R2 | 1.0734 |
| Daily Pivot Point R3 | 1.0774 |
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