EURUSD @ 1.01653 -imp levels: Price Analysis: Remains under downside pressure below 1.0370/80
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- EUR/USD comes under pressure once again near 1.0150.
- The 1.0370/80 band caps the upside for the time being.
The pair currently trades last at 1.01653.
The previous day high was 1.0195 while the previous day low was 1.0123. The daily 38.2% Fib levels comes at 1.0167, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.015, expected to provide support.
EUR/USD returns to the lower end of the weekly range near 1.0150 and fades at the same time Tuesday’s shy advance.
While below the 1.0370/80 band, a region where the August high and the 6-month resistance line converge, the pair is expected to remain under downside pressure. That said, the lower end of the recent range in the 1.0100 zone should hold the downside ahead of a potential challenge of the psychological parity level.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0873.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0163 at the time of writing. Pair opened at 1.0171 and is trading with a change of -0.08 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0163 |
| 1 | Today Daily Change | 41.0000 |
| 2 | Today Daily Change % | -0.0800 |
| 3 | Today daily open | 1.0171 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 1.021, 50 SMA 1.0307, 100 SMA @ 1.0507 and 200 SMA @ 1.0882.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0210 |
| 1 | Daily SMA50 | 1.0307 |
| 2 | Daily SMA100 | 1.0507 |
| 3 | Daily SMA200 | 1.0882 |
The previous day high was 1.0195 while the previous day low was 1.0123. The daily 38.2% Fib levels comes at 1.0167, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.015, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0131, 1.0091, 1.0059
- Pivot resistance is noted at 1.0203, 1.0235, 1.0276
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0195 |
| Previous Daily Low | 1.0123 |
| Previous Weekly High | 1.0369 |
| Previous Weekly Low | 1.0159 |
| Previous Monthly High | 1.0486 |
| Previous Monthly Low | 0.9952 |
| Daily Fibonacci 38.2% | 1.0167 |
| Daily Fibonacci 61.8% | 1.0150 |
| Daily Pivot Point S1 | 1.0131 |
| Daily Pivot Point S2 | 1.0091 |
| Daily Pivot Point S3 | 1.0059 |
| Daily Pivot Point R1 | 1.0203 |
| Daily Pivot Point R2 | 1.0235 |
| Daily Pivot Point R3 | 1.0276 |
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