#EURUSD @ 1.03164 EURUSD corrects moderately lower following recent strength. (Pivot Orderbook analysis)
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- EURUSD corrects moderately lower following recent strength.
- The next support comes at the 100-day SMA near 1.0020.
The pair currently trades last at 1.03164.
The previous day high was 1.0439 while the previous day low was 1.0331. The daily 38.2% Fib levels comes at 1.0398, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0372, expected to provide resistance.
EURUSD comes under pressure after two daily gains in a row and retreats to the low-1.0300s on Thursday.
The inability of the pair to close above the 1.0400 level coupled with the proximity of the overbought territory seems to have sparked some correction in the pair. Against that, extra losses carry the potential to drag spot to as low as the 100-day SMA, today at 1.0024. The loss of this region could put a test of the parity zone back on the radar.
So far, while below the 200-day SMA, the outlook for the pair remains bearish.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0336 at the time of writing. Pair opened at 1.0398 and is trading with a change of -0.6 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0336 |
| 1 | Today Daily Change | 91.0000 |
| 2 | Today Daily Change % | -0.6000 |
| 3 | Today daily open | 1.0398 |
The pair is trading above its 20 Daily moving average @ 1.0027, above its 50 Daily moving average @ 0.9918 , above its 100 Daily moving average @ 1.0028 and below its 200 Daily moving average @ 1.0424
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0027 |
| 1 | Daily SMA50 | 0.9918 |
| 2 | Daily SMA100 | 1.0028 |
| 3 | Daily SMA200 | 1.0424 |
The previous day high was 1.0439 while the previous day low was 1.0331. The daily 38.2% Fib levels comes at 1.0398, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0372, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.034, 1.0281, 1.0232
- Pivot resistance is noted at 1.0447, 1.0497, 1.0555
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0439 |
| Previous Daily Low | 1.0331 |
| Previous Weekly High | 1.0364 |
| Previous Weekly Low | 0.9903 |
| Previous Monthly High | 1.0094 |
| Previous Monthly Low | 0.9632 |
| Daily Fibonacci 38.2% | 1.0398 |
| Daily Fibonacci 61.8% | 1.0372 |
| Daily Pivot Point S1 | 1.0340 |
| Daily Pivot Point S2 | 1.0281 |
| Daily Pivot Point S3 | 1.0232 |
| Daily Pivot Point R1 | 1.0447 |
| Daily Pivot Point R2 | 1.0497 |
| Daily Pivot Point R3 | 1.0555 |
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