#EURUSD @ 0.98416 trades without conviction around the 0.9830 region. (Pivot Orderbook analysis)

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• EUR/USD trades without conviction around the 0.9830 region.
• Next on the upside aligns the 55-day SMA at 0.9956.

The pair currently trades last at 0.98416.

The previous day high was 0.9852 while the previous day low was 0.972. The daily 38.2% Fib levels comes at 0.9802, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9771, expected to provide support.

EUR/USD gives away the initial advance to the 0.9870 region and deflates to the 0.9830 area on Tuesday

Further recovery in the pair looks probable in the very near term. Against that, the 55-day SMA at 0.9956 emerges as the next temporary hurdle prior to the more relevant October top at 0.9999 (October 4).

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0561.

Technical Levels: Supports and Resistances

EURUSD currently trading at 0.9835 at the time of writing. Pair opened at 0.9839 and is trading with a change of -0.04 % .

The pair is trading above its 20 Daily moving average @ 0.9778, below its 50 Daily moving average @ 0.9941 , below its 100 Daily moving average @ 1.0152 and below its 200 Daily moving average @ 1.0571

The previous day high was 0.9852 while the previous day low was 0.972. The daily 38.2% Fib levels comes at 0.9802, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9771, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 0.9756, 0.9672, 0.9624
• Pivot resistance is noted at 0.9888, 0.9936, 1.002

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