The EUR/USD pair, trading at 1.10383, stays under strain and declines to 1.1025.
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- EUR/USD remains under pressure and drops to 1.1025.
The pair currently trades last at 1.10383.
The previous day high was 1.1147 while the previous day low was 1.106. The daily 38.2% Fib levels comes at 1.1093, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1114, expected to provide resistance.
EUR/USD remains well offered and navigates the lower end of the weekly range near the 1.1020 zone on Tuesday.
In light of the recent price action, further losses area expected to accelerate and could motivate the pair to revisit the psychological support at 1.1000 the figure. The loss of the latter exposes a deeper correction to the interim 55-day and 100-day SMAs at 1.0899 and 1.0889, respectively.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0699.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.104 at the time of writing. Pair opened at 1.1065 and is trading with a change of -0.23 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.1040 |
| 1 | Today Daily Change | 61.0000 |
| 2 | Today Daily Change % | -0.2300 |
| 3 | Today daily open | 1.1065 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.1037, 50 SMA 1.0898, 100 SMA @ 1.0886 and 200 SMA @ 1.0695.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.1037 |
| 1 | Daily SMA50 | 1.0898 |
| 2 | Daily SMA100 | 1.0886 |
| 3 | Daily SMA200 | 1.0695 |
The previous day high was 1.1147 while the previous day low was 1.106. The daily 38.2% Fib levels comes at 1.1093, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1114, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.1034, 1.1004, 1.0948
- Pivot resistance is noted at 1.1121, 1.1178, 1.1208
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1147 |
| Previous Daily Low | 1.1060 |
| Previous Weekly High | 1.1276 |
| Previous Weekly Low | 1.1108 |
| Previous Monthly High | 1.1012 |
| Previous Monthly Low | 1.0662 |
| Daily Fibonacci 38.2% | 1.1093 |
| Daily Fibonacci 61.8% | 1.1114 |
| Daily Pivot Point S1 | 1.1034 |
| Daily Pivot Point S2 | 1.1004 |
| Daily Pivot Point S3 | 1.0948 |
| Daily Pivot Point R1 | 1.1121 |
| Daily Pivot Point R2 | 1.1178 |
| Daily Pivot Point R3 | 1.1208 |
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