• EUR/USD rebounds sharply from recent oversold levels.
  • Extra gains are seen revisiting the 1.0200 neighbourhood soon.

EUR/USD advances further and adds to Friday’s bounce, retesting the 1.0170/75 band at the beginning of the week.

Further gains could revisit the 1.0200 zone sooner rather than later, although the pair’s bearish stance remains in place. Against that, the resumption of the downtrend should meet initial contention at the key parity level ahead of the 2022 low at 0.9952 (July 14).

As long as the pair navigates below the 5-month support line around 1.0540 further losses remain in store.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.1026.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.0154
Today Daily Change 97
Today Daily Change % 0.70
Today daily open 1.0083
 
Trends
Daily SMA20 1.0331
Daily SMA50 1.0488
Daily SMA100 1.0685
Daily SMA200 1.1035
 
Levels
Previous Daily High 1.0098
Previous Daily Low 1.0007
Previous Weekly High 1.0186
Previous Weekly Low 0.9952
Previous Monthly High 1.0774
Previous Monthly Low 1.0359
Daily Fibonacci 38.2% 1.0063
Daily Fibonacci 61.8% 1.0042
Daily Pivot Point S1 1.0027
Daily Pivot Point S2 0.9972
Daily Pivot Point S3 0.9936
Daily Pivot Point R1 1.0118
Daily Pivot Point R2 1.0153
Daily Pivot Point R3 1.0209

 

 

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