The EURUSD currency pair at a rate of 1.05871 continues to gain momentum and goes beyond the level of 1.0600.
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- EUR/USD gathers further impulse and surpasses 1.0600.
The pair currently trades last at 1.05871.
The previous day high was 1.0579 while the previous day low was 1.0491. The daily 38.2% Fib levels comes at 1.0545, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0525, expected to provide support.
EUR/USD regains composure and extends the recovery beyond the key barrier at 1.0600 the figure at the end of the week.
In case the bounce becomes more serious, the pair is expected to target the weekly high of 1.0767 (September 12). The selling pressure is expected to alleviate once this level is cleared, allowing for a potential next move to the critical 200-day SMA, today at 1.0827.
Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0606 at the time of writing. Pair opened at 1.0565 and is trading with a change of 0.39 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0606 |
| 1 | Today Daily Change | 61.0000 |
| 2 | Today Daily Change % | 0.3900 |
| 3 | Today daily open | 1.0565 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 1.0676, 50 SMA 1.0834, 100 SMA @ 1.0861 and 200 SMA @ 1.0829.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0676 |
| 1 | Daily SMA50 | 1.0834 |
| 2 | Daily SMA100 | 1.0861 |
| 3 | Daily SMA200 | 1.0829 |
The previous day high was 1.0579 while the previous day low was 1.0491. The daily 38.2% Fib levels comes at 1.0545, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0525, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0511, 1.0457, 1.0423
- Pivot resistance is noted at 1.0599, 1.0633, 1.0687
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0579 |
| Previous Daily Low | 1.0491 |
| Previous Weekly High | 1.0737 |
| Previous Weekly Low | 1.0615 |
| Previous Monthly High | 1.1065 |
| Previous Monthly Low | 1.0766 |
| Daily Fibonacci 38.2% | 1.0545 |
| Daily Fibonacci 61.8% | 1.0525 |
| Daily Pivot Point S1 | 1.0511 |
| Daily Pivot Point S2 | 1.0457 |
| Daily Pivot Point S3 | 1.0423 |
| Daily Pivot Point R1 | 1.0599 |
| Daily Pivot Point R2 | 1.0633 |
| Daily Pivot Point R3 | 1.0687 |
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