#EURUSD @ 0.99841 treads water below the parity zone on Thursday. (Pivot Orderbook analysis)
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- EUR/USD treads water below the parity zone on Thursday.
- The pair needs to clear the multi-month resistance line near 1.0180.
The pair currently trades last at 0.99841.
The previous day high was 1.0024 while the previous day low was 0.9956. The daily 38.2% Fib levels comes at 0.9998, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9982, expected to provide support.
EUR/USD trades in an inconclusive fashion, while a break above the parity level remains elusive on Thursday.
If the recovery picks up extra pace, then the interim hurdle comes at the 55-day SMA at 1.0163 prior to the key 7-month resistance line, today near 1.0180. A move beyond the latter is needed to reduce the selling bias and allow the pair to confront the September high at 1.0197 (September 12) before the 100-day SMA at 1.0325.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0735.
Technical Levels: Supports and Resistances
EURUSD currently trading at 0.998 at the time of writing. Pair opened at 0.9983 and is trading with a change of -0.03 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.9980 |
| 1 | Today Daily Change | 45.0000 |
| 2 | Today Daily Change % | -0.0300 |
| 3 | Today daily open | 0.9983 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.9993, 50 SMA 1.0104, 100 SMA @ 1.0328 and 200 SMA @ 1.0743.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9993 |
| 1 | Daily SMA50 | 1.0104 |
| 2 | Daily SMA100 | 1.0328 |
| 3 | Daily SMA200 | 1.0743 |
The previous day high was 1.0024 while the previous day low was 0.9956. The daily 38.2% Fib levels comes at 0.9998, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9982, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 0.9951, 0.992, 0.9883
- Pivot resistance is noted at 1.0019, 1.0055, 1.0087
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0024 |
| Previous Daily Low | 0.9956 |
| Previous Weekly High | 1.0114 |
| Previous Weekly Low | 0.9864 |
| Previous Monthly High | 1.0369 |
| Previous Monthly Low | 0.9901 |
| Daily Fibonacci 38.2% | 0.9998 |
| Daily Fibonacci 61.8% | 0.9982 |
| Daily Pivot Point S1 | 0.9951 |
| Daily Pivot Point S2 | 0.9920 |
| Daily Pivot Point S3 | 0.9883 |
| Daily Pivot Point R1 | 1.0019 |
| Daily Pivot Point R2 | 1.0055 |
| Daily Pivot Point R3 | 1.0087 |
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