The EURUSD currency pair, currently trading at 1.09328, is retracting some of the optimistic movement seen lately and revisiting the level of 1.0920.
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- EUR/USD fades part of the recent optimism and retests 1.0920.
The pair currently trades last at 1.09328.
The previous day high was 1.0977 while the previous day low was 1.0902. The daily 38.2% Fib levels comes at 1.0948, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.093, expected to provide support.
EUR/USD gives away some of the recent 2-day gains and slips back to the 1.0925/20 band on Wednesday.
In case the selling pressure gathers extra impulse, the pair could see the 55-day SMA, today at 1.0883, revisited in the near term. Below the latter, the weekly low at 1.0844 (June 23) could become the next support to watch for.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0578.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0924 at the time of writing. Pair opened at 1.0961 and is trading with a change of -0.34 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0924 |
| 1 | Today Daily Change | 39.0000 |
| 2 | Today Daily Change % | -0.3400 |
| 3 | Today daily open | 1.0961 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.083, 50 SMA 1.0876, 100 SMA @ 1.0814 and 200 SMA @ 1.0574.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0830 |
| 1 | Daily SMA50 | 1.0876 |
| 2 | Daily SMA100 | 1.0814 |
| 3 | Daily SMA200 | 1.0574 |
The previous day high was 1.0977 while the previous day low was 1.0902. The daily 38.2% Fib levels comes at 1.0948, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.093, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0916, 1.0872, 1.0842
- Pivot resistance is noted at 1.0991, 1.1021, 1.1066
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0977 |
| Previous Daily Low | 1.0902 |
| Previous Weekly High | 1.1012 |
| Previous Weekly Low | 1.0844 |
| Previous Monthly High | 1.1092 |
| Previous Monthly Low | 1.0635 |
| Daily Fibonacci 38.2% | 1.0948 |
| Daily Fibonacci 61.8% | 1.0930 |
| Daily Pivot Point S1 | 1.0916 |
| Daily Pivot Point S2 | 1.0872 |
| Daily Pivot Point S3 | 1.0842 |
| Daily Pivot Point R1 | 1.0991 |
| Daily Pivot Point R2 | 1.1021 |
| Daily Pivot Point R3 | 1.1066 |
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