• EUR/USD gives away part of Thursday’s advance, stays around 1.0220.
  • The pair needs to clear 1.0300 to allow for a more serious recovery.

EUR/USD comes under pressure after faltering once again in the 1.0250/60 region at the end of the week.

The so far August high at 1.0293 (August 2) emerges as the magnet for bulls for the time being. Above this level, spot is expected to see its uptrend reinvigorated and could challenge the temporary 55-day SMA in the near term, today at 1.0404.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0927.

EUR/USD

Overview
Today last price 1.0234
Today Daily Change 34
Today Daily Change % -0.12
Today daily open 1.0246
 
Trends
Daily SMA20 1.0161
Daily SMA50 1.0387
Daily SMA100 1.0571
Daily SMA200 1.0936
 
Levels
Previous Daily High 1.0254
Previous Daily Low 1.0154
Previous Weekly High 1.0258
Previous Weekly Low 1.0097
Previous Monthly High 1.0486
Previous Monthly Low 0.9952
Daily Fibonacci 38.2% 1.0216
Daily Fibonacci 61.8% 1.0192
Daily Pivot Point S1 1.0182
Daily Pivot Point S2 1.0119
Daily Pivot Point S3 1.0083
Daily Pivot Point R1 1.0281
Daily Pivot Point R2 1.0317
Daily Pivot Point R3 1.0381

 

 

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