#EURUSD @ 1.05239 extends the upside momentum above 1.0500. (Pivot Orderbook analysis)
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- EUR/USD extends the upside momentum above 1.0500.
- The June high past 1.0600 now emerges as the next target.
The pair currently trades last at 1.05239.
The previous day high was 1.0429 while the previous day low was 1.029. The daily 38.2% Fib levels comes at 1.0376, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0343, expected to provide support.
EUR/USD trades on a firm foot and manages to surpass the 1.0500 barrier to clinch fresh multi-month tops on Thursday.
Gains in the pair are now likely to pick up pace following the breakout of the 200-day SMA and the 10-month resistance line. Against that, there are no resistance levels of note until the June high at 1.0614 (June 27).
Further upside in EUR/USD remains on the cards while above the 200-day SMA, today at 1.0369.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0505 at the time of writing. Pair opened at 1.0407 and is trading with a change of 0.94 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0505 |
| 1 | Today Daily Change | 121.0000 |
| 2 | Today Daily Change % | 0.9400 |
| 3 | Today daily open | 1.0407 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0249, 50 SMA 0.9989, 100 SMA @ 1.004 and 200 SMA @ 1.0374.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0249 |
| 1 | Daily SMA50 | 0.9989 |
| 2 | Daily SMA100 | 1.0040 |
| 3 | Daily SMA200 | 1.0374 |
The previous day high was 1.0429 while the previous day low was 1.029. The daily 38.2% Fib levels comes at 1.0376, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0343, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0322, 1.0237, 1.0184
- Pivot resistance is noted at 1.0461, 1.0514, 1.0599
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0429 |
| Previous Daily Low | 1.0290 |
| Previous Weekly High | 1.0449 |
| Previous Weekly Low | 1.0223 |
| Previous Monthly High | 1.0497 |
| Previous Monthly Low | 0.9730 |
| Daily Fibonacci 38.2% | 1.0376 |
| Daily Fibonacci 61.8% | 1.0343 |
| Daily Pivot Point S1 | 1.0322 |
| Daily Pivot Point S2 | 1.0237 |
| Daily Pivot Point S3 | 1.0184 |
| Daily Pivot Point R1 | 1.0461 |
| Daily Pivot Point R2 | 1.0514 |
| Daily Pivot Point R3 | 1.0599 |
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