#EURUSD @ 1.04261 EURUSD quickly sets aside Monday’s drop and surpasses 1.0400. (Pivot Orderbook analysis)
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- EURUSD quickly sets aside Monday’s drop and surpasses 1.0400.
- The continuation of the uptrend could now look at 1.0600 and above.
The pair currently trades last at 1.04261.
The previous day high was 1.0359 while the previous day low was 1.0272. The daily 38.2% Fib levels comes at 1.0305, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0325, expected to provide support.
EURUSD resumes the upside and clinches new multi-month peaks north of the 1.0400 hurdle on turnaround Tuesday .
The continuation of the recovery looks the most likely scenario in the very near term. Against that, a close above the always relevant 200-day SMA, today at 1.0427, should spark further gains in the short-term horizon.
In such a scenario, there are no up barriers of note until the weekly top at 1.0614 (June 27).
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0438 at the time of writing. Pair opened at 1.0329 and is trading with a change of 1.06 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0438 |
| 1 | Today Daily Change | 169.0000 |
| 2 | Today Daily Change % | 1.0600 |
| 3 | Today daily open | 1.0329 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 0.997, 50 SMA 0.9901, 100 SMA @ 1.003 and 200 SMA @ 1.0435.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9970 |
| 1 | Daily SMA50 | 0.9901 |
| 2 | Daily SMA100 | 1.0030 |
| 3 | Daily SMA200 | 1.0435 |
The previous day high was 1.0359 while the previous day low was 1.0272. The daily 38.2% Fib levels comes at 1.0305, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0325, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0281, 1.0232, 1.0194
- Pivot resistance is noted at 1.0368, 1.0407, 1.0455
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0359 |
| Previous Daily Low | 1.0272 |
| Previous Weekly High | 1.0364 |
| Previous Weekly Low | 0.9903 |
| Previous Monthly High | 1.0094 |
| Previous Monthly Low | 0.9632 |
| Daily Fibonacci 38.2% | 1.0305 |
| Daily Fibonacci 61.8% | 1.0325 |
| Daily Pivot Point S1 | 1.0281 |
| Daily Pivot Point S2 | 1.0232 |
| Daily Pivot Point S3 | 1.0194 |
| Daily Pivot Point R1 | 1.0368 |
| Daily Pivot Point R2 | 1.0407 |
| Daily Pivot Point R3 | 1.0455 |
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