The EURUSD pair, currently priced at 1.10175, experiences a rebound from its lowest point in three weeks, which was around 1.0940, occurring on Friday.
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- EUR/USD bounces off 3-week lows near 1.0940 on Friday.
The pair currently trades last at 1.10175.
The previous day high was 1.115 while the previous day low was 1.0966. The daily 38.2% Fib levels comes at 1.1036, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1079, expected to provide resistance.
EUR/USD manages well to rebound from earlier 3-week lows in the 1.0945/40 band and reclaim the area just beyond 1.1000 the figure at the end of the week.
Considering the recent price action, extra weakness should not be discarded. Once the weekly low of 1.0943 (July 28) is cleared, further losses could extend to the transitory 55-day and 100-day SMAs just above the 1.0900 mark.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0718.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.1011 at the time of writing. Pair opened at 1.0978 and is trading with a change of 0.3 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.1011 |
| 1 | Today Daily Change | 75.0000 |
| 2 | Today Daily Change % | 0.3000 |
| 3 | Today daily open | 1.0978 |
The pair is trading below its 20 Daily moving average @ 1.1055, above its 50 Daily moving average @ 1.091 , above its 100 Daily moving average @ 1.0901 and above its 200 Daily moving average @ 1.0714
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.1055 |
| 1 | Daily SMA50 | 1.0910 |
| 2 | Daily SMA100 | 1.0901 |
| 3 | Daily SMA200 | 1.0714 |
The previous day high was 1.115 while the previous day low was 1.0966. The daily 38.2% Fib levels comes at 1.1036, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1079, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0913, 1.0847, 1.0729
- Pivot resistance is noted at 1.1097, 1.1215, 1.1281
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1150 |
| Previous Daily Low | 1.0966 |
| Previous Weekly High | 1.1276 |
| Previous Weekly Low | 1.1108 |
| Previous Monthly High | 1.1012 |
| Previous Monthly Low | 1.0662 |
| Daily Fibonacci 38.2% | 1.1036 |
| Daily Fibonacci 61.8% | 1.1079 |
| Daily Pivot Point S1 | 1.0913 |
| Daily Pivot Point S2 | 1.0847 |
| Daily Pivot Point S3 | 1.0729 |
| Daily Pivot Point R1 | 1.1097 |
| Daily Pivot Point R2 | 1.1215 |
| Daily Pivot Point R3 | 1.1281 |
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