#EURUSD @ 0.99251 accelerates losses and drops to new cycle lows. (Pivot Orderbook analysis)
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- EUR/USD accelerates losses and drops to new cycle lows.
- Below the YTD low comes the December 2002 low at 0.9859.
The pair currently trades last at 0.99251.
The previous day high was 1.0034 while the previous day low was 0.9943. The daily 38.2% Fib levels comes at 0.9999, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9978, expected to provide resistance.
EUR/USD resumes the leg lower and breaks below the 0.9900 level to reach new 2-decade lows in the 0.9880/75 band on Monday.
The continuation of the downtrend could not be ruled out just yet, as the daily RSI around 36 still allows for some weakness prior to reach the oversold territory.
Against that, the next support of note comes at 0.9859 (December 2002 low) seconded by 0.9685 (October 2002 low).
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0787.
Technical Levels: Supports and Resistances
EURUSD currently trading at 0.9926 at the time of writing. Pair opened at 0.9953 and is trading with a change of -0.27 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.9926 |
| 1 | Today Daily Change | 67.0000 |
| 2 | Today Daily Change % | -0.2700 |
| 3 | Today daily open | 0.9953 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 1.0086, 50 SMA 1.0172, 100 SMA @ 1.0388 and 200 SMA @ 1.0796.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0086 |
| 1 | Daily SMA50 | 1.0172 |
| 2 | Daily SMA100 | 1.0388 |
| 3 | Daily SMA200 | 1.0796 |
The previous day high was 1.0034 while the previous day low was 0.9943. The daily 38.2% Fib levels comes at 0.9999, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9978, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 0.9919, 0.9886, 0.9828
- Pivot resistance is noted at 1.001, 1.0067, 1.0101
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0034 |
| Previous Daily Low | 0.9943 |
| Previous Weekly High | 1.0079 |
| Previous Weekly Low | 0.9911 |
| Previous Monthly High | 1.0369 |
| Previous Monthly Low | 0.9901 |
| Daily Fibonacci 38.2% | 0.9999 |
| Daily Fibonacci 61.8% | 0.9978 |
| Daily Pivot Point S1 | 0.9919 |
| Daily Pivot Point S2 | 0.9886 |
| Daily Pivot Point S3 | 0.9828 |
| Daily Pivot Point R1 | 1.0010 |
| Daily Pivot Point R2 | 1.0067 |
| Daily Pivot Point R3 | 1.0101 |
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