#EURUSD @ 1.03334 adds to Tuesday’s advance and retests 1.0350. (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- EUR/USD adds to Tuesday’s advance and retests 1.0350.
- Next on the upside comes the key 200-day SMA near 1.0400.
The pair currently trades last at 1.03334.
The previous day high was 1.0308 while the previous day low was 1.0237. The daily 38.2% Fib levels comes at 1.0281, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0264, expected to provide support.
EUR/USD advances for the second session in a row and climbs to 3-day highs around 1.0350.
The continuation of the rebound should initially target the key 200-day SMA, today at 1.0395. The surpass of this region is needed to challenge the so far November high at 1.0481 (November 15).
The pair’s outlook is expected to shift to positive above the 200-day SMA.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0321 at the time of writing. Pair opened at 1.03 and is trading with a change of 0.2 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0321 |
| 1 | Today Daily Change | 52.0000 |
| 2 | Today Daily Change % | 0.2000 |
| 3 | Today daily open | 1.0300 |
The pair is trading above its 20 Daily moving average @ 1.0114, above its 50 Daily moving average @ 0.994 , above its 100 Daily moving average @ 1.0024 and below its 200 Daily moving average @ 1.0403
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0114 |
| 1 | Daily SMA50 | 0.9940 |
| 2 | Daily SMA100 | 1.0024 |
| 3 | Daily SMA200 | 1.0403 |
The previous day high was 1.0308 while the previous day low was 1.0237. The daily 38.2% Fib levels comes at 1.0281, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0264, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0256, 1.0211, 1.0185
- Pivot resistance is noted at 1.0327, 1.0353, 1.0398
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0308 |
| Previous Daily Low | 1.0237 |
| Previous Weekly High | 1.0482 |
| Previous Weekly Low | 1.0272 |
| Previous Monthly High | 1.0094 |
| Previous Monthly Low | 0.9632 |
| Daily Fibonacci 38.2% | 1.0281 |
| Daily Fibonacci 61.8% | 1.0264 |
| Daily Pivot Point S1 | 1.0256 |
| Daily Pivot Point S2 | 1.0211 |
| Daily Pivot Point S3 | 1.0185 |
| Daily Pivot Point R1 | 1.0327 |
| Daily Pivot Point R2 | 1.0353 |
| Daily Pivot Point R3 | 1.0398 |
[/s2If]
Join Our Telegram Group
