The EUR/USD pair, currently trading at 1.08684, is experiencing a faster drop in value and is returning to the 1.0860 level.
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- EUR/USD accelerates the decline and revisits the 1.0860 region.
The pair currently trades last at 1.08684.
The previous day high was 1.0963 while the previous day low was 1.0897. The daily 38.2% Fib levels comes at 1.0922, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0938, expected to provide resistance.
EUR/USD weakens further and slips back to the 1.0860 region, or weekly lows, on Thursday.
The recent bullish move now looks dented and the pair could be headed towards another visit to the weekly low at 1.0844 (June 23). The loss of this level exposes a potential pullback to the interim 100-day SMA, today at 1.0815.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0583.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0862 at the time of writing. Pair opened at 1.0913 and is trading with a change of -0.47 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0862 |
| 1 | Today Daily Change | 81.0000 |
| 2 | Today Daily Change % | -0.4700 |
| 3 | Today daily open | 1.0913 |
The pair is trading above its 20 Daily moving average @ 1.0841, below its 50 Daily moving average @ 1.0875 , above its 100 Daily moving average @ 1.0816 and above its 200 Daily moving average @ 1.058
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0841 |
| 1 | Daily SMA50 | 1.0875 |
| 2 | Daily SMA100 | 1.0816 |
| 3 | Daily SMA200 | 1.0580 |
The previous day high was 1.0963 while the previous day low was 1.0897. The daily 38.2% Fib levels comes at 1.0922, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0938, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0886, 1.0858, 1.082
- Pivot resistance is noted at 1.0952, 1.099, 1.1017
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0963 |
| Previous Daily Low | 1.0897 |
| Previous Weekly High | 1.1012 |
| Previous Weekly Low | 1.0844 |
| Previous Monthly High | 1.1092 |
| Previous Monthly Low | 1.0635 |
| Daily Fibonacci 38.2% | 1.0922 |
| Daily Fibonacci 61.8% | 1.0938 |
| Daily Pivot Point S1 | 1.0886 |
| Daily Pivot Point S2 | 1.0858 |
| Daily Pivot Point S3 | 1.0820 |
| Daily Pivot Point R1 | 1.0952 |
| Daily Pivot Point R2 | 1.0990 |
| Daily Pivot Point R3 | 1.1017 |
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