The EURUSD currency pair, currently at 1.06640, gains momentum and returns to the level of 1.0670.
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- EUR/USD picks up some pace and revisits 1.0670.
The pair currently trades last at 1.06640.
The previous day high was 1.0752 while the previous day low was 1.0632. The daily 38.2% Fib levels comes at 1.0678, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0706, expected to provide resistance.
EUR/USD reclaims the 1.0660/70 band after bottoming out in the 1.0630 region.
The underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, further losses could see the March low of 1.0516 (March 15) revisited in the short-term horizon.
In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0827.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.065 at the time of writing. Pair opened at 1.0643 and is trading with a change of 0.07 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0650 |
| 1 | Today Daily Change | 36.0000 |
| 2 | Today Daily Change % | 0.0700 |
| 3 | Today daily open | 1.0643 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 1.0792, 50 SMA 1.0937, 100 SMA @ 1.0898 and 200 SMA @ 1.0828.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0792 |
| 1 | Daily SMA50 | 1.0937 |
| 2 | Daily SMA100 | 1.0898 |
| 3 | Daily SMA200 | 1.0828 |
The previous day high was 1.0752 while the previous day low was 1.0632. The daily 38.2% Fib levels comes at 1.0678, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0706, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0599, 1.0555, 1.0479
- Pivot resistance is noted at 1.072, 1.0796, 1.084
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0752 |
| Previous Daily Low | 1.0632 |
| Previous Weekly High | 1.0809 |
| Previous Weekly Low | 1.0686 |
| Previous Monthly High | 1.1065 |
| Previous Monthly Low | 1.0766 |
| Daily Fibonacci 38.2% | 1.0678 |
| Daily Fibonacci 61.8% | 1.0706 |
| Daily Pivot Point S1 | 1.0599 |
| Daily Pivot Point S2 | 1.0555 |
| Daily Pivot Point S3 | 1.0479 |
| Daily Pivot Point R1 | 1.0720 |
| Daily Pivot Point R2 | 1.0796 |
| Daily Pivot Point R3 | 1.0840 |
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