#EURUSD @ 1.02604 reverses part of the recent retracement on Tuesday. (Pivot Orderbook analysis)
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- EUR/USD reverses part of the recent retracement on Tuesday.
- A more intense rebound should meet the next hurdle at 1.0400.
The pair currently trades last at 1.02604.
The previous day high was 1.0333 while the previous day low was 1.0223. The daily 38.2% Fib levels comes at 1.0265, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0291, expected to provide resistance.
EUR/USD returns to the positive territory and manages to climb as highas as the boundaries of the key 1.0300 region on Tuesday.
The continuation of the rebound should initially target the key 200-day SMA, today at 1.0400. The surpass of the latter is needed to dispute the so far November peak at 1.0481 (November 15).
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.026 at the time of writing. Pair opened at 1.0242 and is trading with a change of 0.18 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0260 |
| 1 | Today Daily Change | 53.0000 |
| 2 | Today Daily Change % | 0.1800 |
| 3 | Today daily open | 1.0242 |
The pair is trading above its 20 Daily moving average @ 1.0097, above its 50 Daily moving average @ 0.9933 , above its 100 Daily moving average @ 1.0024 and below its 200 Daily moving average @ 1.0408
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0097 |
| 1 | Daily SMA50 | 0.9933 |
| 2 | Daily SMA100 | 1.0024 |
| 3 | Daily SMA200 | 1.0408 |
The previous day high was 1.0333 while the previous day low was 1.0223. The daily 38.2% Fib levels comes at 1.0265, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0291, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0199, 1.0156, 1.0088
- Pivot resistance is noted at 1.0309, 1.0376, 1.0419
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0333 |
| Previous Daily Low | 1.0223 |
| Previous Weekly High | 1.0482 |
| Previous Weekly Low | 1.0272 |
| Previous Monthly High | 1.0094 |
| Previous Monthly Low | 0.9632 |
| Daily Fibonacci 38.2% | 1.0265 |
| Daily Fibonacci 61.8% | 1.0291 |
| Daily Pivot Point S1 | 1.0199 |
| Daily Pivot Point S2 | 1.0156 |
| Daily Pivot Point S3 | 1.0088 |
| Daily Pivot Point R1 | 1.0309 |
| Daily Pivot Point R2 | 1.0376 |
| Daily Pivot Point R3 | 1.0419 |
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