EURUSD comes under pressure near 1.0100 on Wednesday. (Pivot Orderbook analysis)
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- EURUSD comes under pressure near 1.0100 on Wednesday.
- The surpass of this area could allow for extra gains near term.
The pair currently trades last at 1.0054.
The previous day high was 1.0096 while the previous day low was 0.9973. The daily 38.2% Fib levels comes at 1.0049, expected to provide support. Similarly, the daily 61.8% fib level is at 1.002, expected to provide support.
EURUSD’s strong recovery appears to have met a tough hurdle at the 1.0100 zone so far this week.
If the pair manages to surpass this zone in a sustainable fashion, it could then challenge the September top at 1.0197 (September 12) prior to the August high at 1.0368 (August 10).
While above the 9-month resistance line, today near 0.9840, extra gains look likely.
In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0450.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0054 at the time of writing. Pair opened at 1.0072 and is trading with a change of -0.18 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0054 |
| 1 | Today Daily Change | 55.0000 |
| 2 | Today Daily Change % | -0.1800 |
| 3 | Today daily open | 1.0072 |
The pair is trading above its 20 Daily moving average @ 0.9878, above its 50 Daily moving average @ 0.988 , above its 100 Daily moving average @ 1.0043 and below its 200 Daily moving average @ 1.0458
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9878 |
| 1 | Daily SMA50 | 0.9880 |
| 2 | Daily SMA100 | 1.0043 |
| 3 | Daily SMA200 | 1.0458 |
The previous day high was 1.0096 while the previous day low was 0.9973. The daily 38.2% Fib levels comes at 1.0049, expected to provide support. Similarly, the daily 61.8% fib level is at 1.002, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 0.9998, 0.9924, 0.9874
- Pivot resistance is noted at 1.0121, 1.017, 1.0244
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0096 |
| Previous Daily Low | 0.9973 |
| Previous Weekly High | 0.9976 |
| Previous Weekly Low | 0.9730 |
| Previous Monthly High | 1.0094 |
| Previous Monthly Low | 0.9632 |
| Daily Fibonacci 38.2% | 1.0049 |
| Daily Fibonacci 61.8% | 1.0020 |
| Daily Pivot Point S1 | 0.9998 |
| Daily Pivot Point S2 | 0.9924 |
| Daily Pivot Point S3 | 0.9874 |
| Daily Pivot Point R1 | 1.0121 |
| Daily Pivot Point R2 | 1.0170 |
| Daily Pivot Point R3 | 1.0244 |
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