The EURUSD pair successfully rebounds from its previous lowest point of around 1.1020, currently trading at 1.10647.
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- EUR/USD manages to bounce off recent lows around 1.1020.
The pair currently trades last at 1.10647.
The previous day high was 1.1087 while the previous day low was 1.1021. The daily 38.2% Fib levels comes at 1.1046, expected to provide support. Similarly, the daily 61.8% fib level is at 1.1062, expected to provide support.
EUR/USD stages a decent rebound after bottoming out around 1.1020 in the previous session on Wednesday.
Considering the recent price action, extra weakness should not be discarded 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 1.0901 and 1.0895, respectively.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0706.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.1066 at the time of writing. Pair opened at 1.1052 and is trading with a change of 0.13 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.1066 |
| 1 | Today Daily Change | 46.0000 |
| 2 | Today Daily Change % | 0.1300 |
| 3 | Today daily open | 1.1052 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.1041, 50 SMA 1.0901, 100 SMA @ 1.0891 and 200 SMA @ 1.0701.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.1041 |
| 1 | Daily SMA50 | 1.0901 |
| 2 | Daily SMA100 | 1.0891 |
| 3 | Daily SMA200 | 1.0701 |
The previous day high was 1.1087 while the previous day low was 1.1021. The daily 38.2% Fib levels comes at 1.1046, expected to provide support. Similarly, the daily 61.8% fib level is at 1.1062, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.102, 1.0987, 1.0954
- Pivot resistance is noted at 1.1086, 1.1119, 1.1152
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1087 |
| Previous Daily Low | 1.1021 |
| Previous Weekly High | 1.1276 |
| Previous Weekly Low | 1.1108 |
| Previous Monthly High | 1.1012 |
| Previous Monthly Low | 1.0662 |
| Daily Fibonacci 38.2% | 1.1046 |
| Daily Fibonacci 61.8% | 1.1062 |
| Daily Pivot Point S1 | 1.1020 |
| Daily Pivot Point S2 | 1.0987 |
| Daily Pivot Point S3 | 1.0954 |
| Daily Pivot Point R1 | 1.1086 |
| Daily Pivot Point R2 | 1.1119 |
| Daily Pivot Point R3 | 1.1152 |
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