#EURUSD @ 0.97369 advances to 2-day peaks near 0.9750. (Pivot Orderbook analysis)

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• EUR/USD advances to 2-day peaks near 0.9750.
• The immediate up barrier comes at the October high near parity.

The pair currently trades last at 0.97369.

The previous day high was 0.9735 while the previous day low was 0.9668. The daily 38.2% Fib levels comes at 0.9694, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9709, expected to provide support.

EUR/USD pushes higher and flirts with the 0.9750 region ahead of US CPI.

Further gains are expected to meet the next hurdle of note at the October high at 0.9999, an area also reinforced by the proximity of the 55-day SMA and the multi-month resistance line. Spot is seen faltering around this key resistance area amidst the prospects for further gains in the dollar in the next months.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0584.

Technical Levels: Supports and Resistances

EURUSD currently trading at 0.9745 at the time of writing. Pair opened at 0.9703 and is trading with a change of 0.43 % .

The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.9813, 50 SMA 0.9967, 100 SMA @ 1.0181 and 200 SMA @ 1.0594.

The previous day high was 0.9735 while the previous day low was 0.9668. The daily 38.2% Fib levels comes at 0.9694, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9709, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 0.9669, 0.9635, 0.9602
• Pivot resistance is noted at 0.9736, 0.9769, 0.9803

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