- The US dollar is regaining ground across the board.
- EUR / USD falls towards 1.1850, extending the correction from above 1.1900.
EUR / USD pulled back after approaching 1.1900 and recently hit a two-day low at 1.1854 as the US dollar strengthened across the board. The DXY turned positive as US stocks trimmed gains.
The dollar gained momentum and regained ground, while at the same time the euro hit new monthly lows against the Swiss franc and failed to gain against the pound.
Wall Street stocks moved from highs. The Dow Jones is up 0.17%, while the Nasdaq is down 0.54%. The 10-year yield stands at 1.17%, close to the weekly low, and the DXY is up 0.08%.
On the economic agenda, factory orders rose more than expected by 1.5% in June. ADP’s private employment report will be released on Wednesday, initial jobless claims on Thursday, and non-farm payrolls on Friday.
Looking towards 1.1850
The next EUR / USD support is seen around 1.1850 (July 30 low), followed by 1.1825 / 30 and 1.1805. The 20-day moving average, currently at 1.1820, is flat, about to turn around to the upside.
On the upside, key resistance is seen around 1.1885 / 1.1900. An earlier firm breakout would suggest more gains for the euro; with the next resistance levels at 1.1940 and 1.1990.
Technical levels
EUR/USD
| Overview | |
|---|---|
| Today last price | 1.1866 |
| Today I change daily | -0.0003 |
| Today daily change% | -0.03 |
| Today they open every day | 1.1869 |
| Trends | |
|---|---|
| Daily SMA20 | 1.1822 |
| SMA50 daily | 1.196 |
| SMA100 daily | 1.1972 |
| SMA200 daily | 1.2008 |
| Levels | |
|---|---|
| Previous Daily High | 1.1897 |
| Previous Daily Low | 1.1859 |
| Previous weekly high | 1.1909 |
| Previous Weekly Low | 1.1764 |
| Previous monthly maximum | 1.1909 |
| Previous Monthly Low | 1.1752 |
| Daily Fibonacci 38.2% | 1.1874 |
| Daily Fibonacci 61.8% | 1.1882 |
| Daily Pivot Point S1 | 1.1853 |
| S2 daily pivot point | 1.1837 |
| S3 Daily Pivot Point | 1.1815 |
| R1 daily pivot point | 1.1891 |
| Daily pivot point R2 | 1.1913 |
| R3 daily pivot point | 1.1929 |
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