The EUR/USD pair, currently at 1.10577, has changed direction after initially reaching highs around 1.1150.
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- EUR/USD reverses the early move to tops near 1.1150.
The pair currently trades last at 1.10577.
The previous day high was 1.1107 while the previous day low was 1.1038. The daily 38.2% Fib levels comes at 1.1081, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1064, expected to provide resistance.
EUR/USD trades in a volatile fashion and trims initial gains to the 1.1150 zone, leaving the door open to further retracement in the very near term.
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 once the weekly low of 1.1020 (July 25) is cleared.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0712.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.1081 at the time of writing. Pair opened at 1.1086 and is trading with a change of -0.05 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.1081 |
| 1 | Today Daily Change | 102.0000 |
| 2 | Today Daily Change % | -0.0500 |
| 3 | Today daily open | 1.1086 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.105, 50 SMA 1.0906, 100 SMA @ 1.0897 and 200 SMA @ 1.0708.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.1050 |
| 1 | Daily SMA50 | 1.0906 |
| 2 | Daily SMA100 | 1.0897 |
| 3 | Daily SMA200 | 1.0708 |
The previous day high was 1.1107 while the previous day low was 1.1038. The daily 38.2% Fib levels comes at 1.1081, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1064, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.1047, 1.1008, 1.0978
- Pivot resistance is noted at 1.1116, 1.1146, 1.1185
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1107 |
| Previous Daily Low | 1.1038 |
| Previous Weekly High | 1.1276 |
| Previous Weekly Low | 1.1108 |
| Previous Monthly High | 1.1012 |
| Previous Monthly Low | 1.0662 |
| Daily Fibonacci 38.2% | 1.1081 |
| Daily Fibonacci 61.8% | 1.1064 |
| Daily Pivot Point S1 | 1.1047 |
| Daily Pivot Point S2 | 1.1008 |
| Daily Pivot Point S3 | 1.0978 |
| Daily Pivot Point R1 | 1.1116 |
| Daily Pivot Point R2 | 1.1146 |
| Daily Pivot Point R3 | 1.1185 |
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