#EURUSD @ 1.03782 trades in a firm note and approaches the 1.0400 zone. (Pivot Orderbook analysis)
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- EUR/USD trades in a firm note and approaches the 1.0400 zone.
- Extra gains need to clear the 9-month resistance line near 1.0420.
The pair currently trades last at 1.03782.
The previous day high was 1.0394 while the previous day low was 1.032. The daily 38.2% Fib levels comes at 1.0349, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0366, expected to provide support.
Wednesday’s occasional bullish attempt motivates EUR/USD to trade at shouting distance from the key 1.0400 neighbourhood.
The pair should clear the 9-month resistance line around 1.0420 on a sustainable fashion to catch fresh air and therefore challenge the November high at 1.0496 (November 28) just ahead of the round level at 1.0500.
Above the 200-day SMA (1.0372), the pair’s outlook should remain constructive.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0379 at the time of writing. Pair opened at 1.0326 and is trading with a change of 0.51 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0379 |
| 1 | Today Daily Change | 73.0000 |
| 2 | Today Daily Change % | 0.5100 |
| 3 | Today daily open | 1.0326 |
The pair is trading above its 20 Daily moving average @ 1.0219, above its 50 Daily moving average @ 0.9977 , above its 100 Daily moving average @ 1.0037 and below its 200 Daily moving average @ 1.0379
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0219 |
| 1 | Daily SMA50 | 0.9977 |
| 2 | Daily SMA100 | 1.0037 |
| 3 | Daily SMA200 | 1.0379 |
The previous day high was 1.0394 while the previous day low was 1.032. The daily 38.2% Fib levels comes at 1.0349, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0366, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0299, 1.0272, 1.0224
- Pivot resistance is noted at 1.0373, 1.0421, 1.0448
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0394 |
| Previous Daily Low | 1.0320 |
| Previous Weekly High | 1.0449 |
| Previous Weekly Low | 1.0223 |
| Previous Monthly High | 1.0094 |
| Previous Monthly Low | 0.9632 |
| Daily Fibonacci 38.2% | 1.0349 |
| Daily Fibonacci 61.8% | 1.0366 |
| Daily Pivot Point S1 | 1.0299 |
| Daily Pivot Point S2 | 1.0272 |
| Daily Pivot Point S3 | 1.0224 |
| Daily Pivot Point R1 | 1.0373 |
| Daily Pivot Point R2 | 1.0421 |
| Daily Pivot Point R3 | 1.0448 |
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