#EURUSD @ 1.03948 EURUSD adds to Tuesday’s uptick and advances past 1.0400. (Pivot Orderbook analysis)
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- EURUSD adds to Tuesday’s uptick and advances past 1.0400.
- A close above the 200-day SMA should spark further upside.
The pair currently trades last at 1.03948.
The previous day high was 1.0482 while the previous day low was 1.028. The daily 38.2% Fib levels comes at 1.0405, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0357, expected to provide support.
EURUSD’s upside momentum remains well in place and breaks above the 1.0400 hurdle once again on Wednesday .
The continuation of the recovery looks the most likely scenario in the very near term. If the pair leaves behind the 200-day SMA at 1.0422 on a sustainable fashion, it could then challenge the November high at 1.0481 (November 15).
Further up comes the round level at 1.0500 ahead of the weekly top at 1.0614 (June 27).
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0412 at the time of writing. Pair opened at 1.0354 and is trading with a change of 0.56 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0412 |
| 1 | Today Daily Change | 108.0000 |
| 2 | Today Daily Change % | 0.5600 |
| 3 | Today daily open | 1.0354 |
The pair is trading above its 20 Daily moving average @ 0.9995, above its 50 Daily moving average @ 0.991 , above its 100 Daily moving average @ 1.0028 and below its 200 Daily moving average @ 1.0429
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9995 |
| 1 | Daily SMA50 | 0.9910 |
| 2 | Daily SMA100 | 1.0028 |
| 3 | Daily SMA200 | 1.0429 |
The previous day high was 1.0482 while the previous day low was 1.028. The daily 38.2% Fib levels comes at 1.0405, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0357, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0262, 1.017, 1.006
- Pivot resistance is noted at 1.0463, 1.0573, 1.0665
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0482 |
| Previous Daily Low | 1.0280 |
| Previous Weekly High | 1.0364 |
| Previous Weekly Low | 0.9903 |
| Previous Monthly High | 1.0094 |
| Previous Monthly Low | 0.9632 |
| Daily Fibonacci 38.2% | 1.0405 |
| Daily Fibonacci 61.8% | 1.0357 |
| Daily Pivot Point S1 | 1.0262 |
| Daily Pivot Point S2 | 1.0170 |
| Daily Pivot Point S3 | 1.0060 |
| Daily Pivot Point R1 | 1.0463 |
| Daily Pivot Point R2 | 1.0573 |
| Daily Pivot Point R3 | 1.0665 |
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