The EURUSD is currently at 1.09330 and is continuing its corrective decline until it reaches the 1.0900 region.
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- EUR/USD extends the corrective decline to the 1.0900 area.
The pair currently trades last at 1.09330.
The previous day high was 1.0971 while the previous day low was 1.0918. The daily 38.2% Fib levels comes at 1.0938, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.095, expected to provide resistance.
EUR/USD corrects lower and challenges the 1.0900 region on Monday.
Despite the current downtick, further gains remain well on the table for the time being. Against that, the pair is expected to challenge the psychological barrier at 1.1000 once the June peak at 1.0970 (June 16) is cleared.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0544.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0924 at the time of writing. Pair opened at 1.094 and is trading with a change of -0.15 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0924 |
| 1 | Today Daily Change | 39.0000 |
| 2 | Today Daily Change % | -0.1500 |
| 3 | Today daily open | 1.0940 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0764, 50 SMA 1.0879, 100 SMA @ 1.0807 and 200 SMA @ 1.0542.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0764 |
| 1 | Daily SMA50 | 1.0879 |
| 2 | Daily SMA100 | 1.0807 |
| 3 | Daily SMA200 | 1.0542 |
The previous day high was 1.0971 while the previous day low was 1.0918. The daily 38.2% Fib levels comes at 1.0938, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.095, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0915, 1.089, 1.0862
- Pivot resistance is noted at 1.0968, 1.0996, 1.1021
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0971 |
| Previous Daily Low | 1.0918 |
| Previous Weekly High | 1.0971 |
| Previous Weekly Low | 1.0733 |
| Previous Monthly High | 1.1092 |
| Previous Monthly Low | 1.0635 |
| Daily Fibonacci 38.2% | 1.0938 |
| Daily Fibonacci 61.8% | 1.0950 |
| Daily Pivot Point S1 | 1.0915 |
| Daily Pivot Point S2 | 1.0890 |
| Daily Pivot Point S3 | 1.0862 |
| Daily Pivot Point R1 | 1.0968 |
| Daily Pivot Point R2 | 1.0996 |
| Daily Pivot Point R3 | 1.1021 |
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