EURUSD @ 1.03475 – Support/Resistance analysis: Price Analysis: Sustained gains seen above 1.0390
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- EUR/USD extends the upside momentum and retests 1.0350.
- Extra gains await on a break above 1.0390.
The pair currently trades last at 1.03475.
The previous day high was 1.0369 while the previous day low was 1.0202. The daily 38.2% Fib levels comes at 1.0305, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0266, expected to provide support.
EUR/USD adds to the weekly rebound and revisits the 1.0350 region on Thursday.
The continuation of the ongoing upside looks favoured in the short term. Immediately to the upside emerges the August high at 1.0368 (August 10), an area coincident with the 55-day SMA.
The breakout of the latter should pave the way for a challenge of the 6-month resistance line around 1.0390. If the pair clears the latter, it could then accelerate the upside to, initially, the 100-day SMA at 1.0530.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0901.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0347 at the time of writing. Pair opened at 1.03 and is trading with a change of 0.46 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0347 |
| 1 | Today Daily Change | 76.0000 |
| 2 | Today Daily Change % | 0.4600 |
| 3 | Today daily open | 1.0300 |
The pair is trading above its 20 Daily moving average @ 1.0188, above its 50 Daily moving average @ 1.0346 , below its 100 Daily moving average @ 1.0539 and below its 200 Daily moving average @ 1.0909
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0188 |
| 1 | Daily SMA50 | 1.0346 |
| 2 | Daily SMA100 | 1.0539 |
| 3 | Daily SMA200 | 1.0909 |
The previous day high was 1.0369 while the previous day low was 1.0202. The daily 38.2% Fib levels comes at 1.0305, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0266, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0212, 1.0124, 1.0045
- Pivot resistance is noted at 1.0378, 1.0457, 1.0545
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0369 |
| Previous Daily Low | 1.0202 |
| Previous Weekly High | 1.0294 |
| Previous Weekly Low | 1.0123 |
| Previous Monthly High | 1.0486 |
| Previous Monthly Low | 0.9952 |
| Daily Fibonacci 38.2% | 1.0305 |
| Daily Fibonacci 61.8% | 1.0266 |
| Daily Pivot Point S1 | 1.0212 |
| Daily Pivot Point S2 | 1.0124 |
| Daily Pivot Point S3 | 1.0045 |
| Daily Pivot Point R1 | 1.0378 |
| Daily Pivot Point R2 | 1.0457 |
| Daily Pivot Point R3 | 1.0545 |
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