The EURUSD pair successfully rebounds from its most recent lows around the 1.0700 area.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EUR/USD manages to bounce off recent lows near 1.0700.
The pair currently trades last at 1.07039.
The previous day high was 1.0798 while the previous day low was 1.0706. The daily 38.2% Fib levels comes at 1.0742, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0763, expected to provide resistance.
EUR/USD recoups part of the ground lost on Tuesday’s sell-off and reclaims the 1.0740 area on Wednesday.
Despite the ongoing rebound, the pair remains well under pressure and the door remains open to extra losses in the short-term horizon. Against that, the loss of the 1.0700 support is expected to motivate the pair to challenge the May low of 1.0635 (May 31) in the not-so-distant future.
In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0820.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0731 at the time of writing. Pair opened at 1.0722 and is trading with a change of 0.08 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0731 |
| 1 | Today Daily Change | 36.0000 |
| 2 | Today Daily Change % | 0.0800 |
| 3 | Today daily open | 1.0722 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 1.0865, 50 SMA 1.0961, 100 SMA @ 1.0918 and 200 SMA @ 1.082.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0865 |
| 1 | Daily SMA50 | 1.0961 |
| 2 | Daily SMA100 | 1.0918 |
| 3 | Daily SMA200 | 1.0820 |
The previous day high was 1.0798 while the previous day low was 1.0706. The daily 38.2% Fib levels comes at 1.0742, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0763, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0686, 1.065, 1.0594
- Pivot resistance is noted at 1.0778, 1.0834, 1.087
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0798 |
| Previous Daily Low | 1.0706 |
| Previous Weekly High | 1.0946 |
| Previous Weekly Low | 1.0772 |
| Previous Monthly High | 1.1065 |
| Previous Monthly Low | 1.0766 |
| Daily Fibonacci 38.2% | 1.0742 |
| Daily Fibonacci 61.8% | 1.0763 |
| Daily Pivot Point S1 | 1.0686 |
| Daily Pivot Point S2 | 1.0650 |
| Daily Pivot Point S3 | 1.0594 |
| Daily Pivot Point R1 | 1.0778 |
| Daily Pivot Point R2 | 1.0834 |
| Daily Pivot Point R3 | 1.0870 |
[/s2If]
Download Nehcap EAWe have two EAs that are operational on our LIVE accounts.
- EA-FIX: Check out the details here. Download EA-FIX . EA-FIX is a non-grid HFT scalper.
- EA-GROWTH: High quality low dd EA using trend grids. Download EA_GROWTHJoin Our Telegram Group
