#EURUSD @ 1.01255 -imp levels: reverses part of recent gains and revisits 1.0130.

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• EUR/USD reverses part of recent gains and revisits 1.0130.
• Immediately to the downside turns up the weekly low at 1.0096.

The pair currently trades last at 1.01255.

The previous day high was 1.0203 while the previous day low was 1.0146. The daily 38.2% Fib levels comes at 1.0181, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0167, expected to provide resistance.

EUR/USD resumes the downside and revisits the 1.0130/25 band following two consecutive daily advances.

Further losses should meet the next support at the weekly low at 1.0096 (July 27). In case sellers push harder, then the pair could confront the psychological parity level in the not-so-distant future

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0867.

Technical Levels: Supports and Resistances

EURUSD currently trading at 1.0134 at the time of writing. Pair opened at 1.018 and is trading with a change of -0.45 % .

The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 1.0211, 50 SMA 1.0297, 100 SMA @ 1.0498 and 200 SMA @ 1.0875.

The previous day high was 1.0203 while the previous day low was 1.0146. The daily 38.2% Fib levels comes at 1.0181, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0167, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 1.015, 1.0119, 1.0092
• Pivot resistance is noted at 1.0207, 1.0234, 1.0265

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