EURUSD picks up further pace and revisits the parity zone. (Pivot Orderbook analysis)
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- EURUSD picks up further pace and revisits the parity zone.
- Extra strength could see the October peak near 1.0100 retested.
The pair currently trades last at 0.9981.
The previous day high was 0.9967 while the previous day low was 0.9743. The daily 38.2% Fib levels comes at 0.9881, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9828, expected to provide support.
EURUSD gathers steam and briefly surpasses the parity zone, where some initial resistance seems to have turned up so far.
If the pair leaves behind the parity area on a sustainable fashion, it could then challenge the temporary hurdle at the 100-day SMA, today at 1.0045. The surpass of the latter exposes a move to the October peak at 1.0093 (October 27).
While above the 9-month resistance line, today near 0.9860, extra gains look likely.
In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0462.
Technical Levels: Supports and Resistances
EURUSD currently trading at 0.9981 at the time of writing. Pair opened at 0.996 and is trading with a change of 0.21 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.9981 |
| 1 | Today Daily Change | 107.0000 |
| 2 | Today Daily Change % | 0.2100 |
| 3 | Today daily open | 0.9960 |
The pair is trading above its 20 Daily moving average @ 0.9844, above its 50 Daily moving average @ 0.9879 , below its 100 Daily moving average @ 1.0053 and below its 200 Daily moving average @ 1.047
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9844 |
| 1 | Daily SMA50 | 0.9879 |
| 2 | Daily SMA100 | 1.0053 |
| 3 | Daily SMA200 | 1.0470 |
The previous day high was 0.9967 while the previous day low was 0.9743. The daily 38.2% Fib levels comes at 0.9881, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9828, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 0.9813, 0.9666, 0.9589
- Pivot resistance is noted at 1.0037, 1.0114, 1.0261
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.9967 |
| Previous Daily Low | 0.9743 |
| Previous Weekly High | 0.9976 |
| Previous Weekly Low | 0.9730 |
| Previous Monthly High | 1.0094 |
| Previous Monthly Low | 0.9632 |
| Daily Fibonacci 38.2% | 0.9881 |
| Daily Fibonacci 61.8% | 0.9828 |
| Daily Pivot Point S1 | 0.9813 |
| Daily Pivot Point S2 | 0.9666 |
| Daily Pivot Point S3 | 0.9589 |
| Daily Pivot Point R1 | 1.0037 |
| Daily Pivot Point R2 | 1.0114 |
| Daily Pivot Point R3 | 1.0261 |
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