The EURUSD, which was previously trading above 1.1000 in the month, has retreated and is now at 1.09822.
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- EUR/USD recedes from earlier monthly highs past 1.1000.
The pair currently trades last at 1.09822.
The previous day high was 1.0991 while the previous day low was 1.0906. The daily 38.2% Fib levels comes at 1.0958, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0938, expected to provide support.
EUR/USD comes under selling pressure soon after hitting fresh monthly tops north of 1.1000 the figure on Thursday.
In the meantime, the pair’s outlook remains constructive for the time being. Against that, a rapid breakout of the June high at 1.1012 (June 22) carries the potential to spark a challenge of the YTD peak at 1.1095 (April 26) just ahead of the round level at 1.1100.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0559.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.097 at the time of writing. Pair opened at 1.0986 and is trading with a change of -0.15 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0970 |
| 1 | Today Daily Change | 44.0000 |
| 2 | Today Daily Change % | -0.1500 |
| 3 | Today daily open | 1.0986 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0789, 50 SMA 1.088, 100 SMA @ 1.0808 and 200 SMA @ 1.0556.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0789 |
| 1 | Daily SMA50 | 1.0880 |
| 2 | Daily SMA100 | 1.0808 |
| 3 | Daily SMA200 | 1.0556 |
The previous day high was 1.0991 while the previous day low was 1.0906. The daily 38.2% Fib levels comes at 1.0958, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0938, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0931, 1.0876, 1.0846
- Pivot resistance is noted at 1.1016, 1.1046, 1.1102
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0991 |
| Previous Daily Low | 1.0906 |
| Previous Weekly High | 1.0971 |
| Previous Weekly Low | 1.0733 |
| Previous Monthly High | 1.1092 |
| Previous Monthly Low | 1.0635 |
| Daily Fibonacci 38.2% | 1.0958 |
| Daily Fibonacci 61.8% | 1.0938 |
| Daily Pivot Point S1 | 1.0931 |
| Daily Pivot Point S2 | 1.0876 |
| Daily Pivot Point S3 | 1.0846 |
| Daily Pivot Point R1 | 1.1016 |
| Daily Pivot Point R2 | 1.1046 |
| Daily Pivot Point R3 | 1.1102 |
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