#EURUSD @ 1.06830 adds to the upside momentum near 1.0700. (Pivot Orderbook analysis)
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- EUR/USD adds to the upside momentum near 1.0700.
- Extra gains initially target the weekly high at 1.0713.
The pair currently trades last at 1.06830.
The previous day high was 1.0648 while the previous day low was 1.0483. The daily 38.2% Fib levels comes at 1.0585, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0546, expected to provide support.
EUR/USD picks up extra upside traction and flirts with the 1.0700 barrier at the beginning of the week.
If the recovery gathers extra steam, then the pair should challenge the weekly top at 1.0713 (December 30). Once cleared, the next hurdle of relevance is seen at the December 2022 peak at 1.0736 (December 15).
In the meantime, further gains remain in store for the pair while above the 200-day SMA at 1.0310.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0684 at the time of writing. Pair opened at 1.0646 and is trading with a change of 0.36 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0684 |
| 1 | Today Daily Change | 63.0000 |
| 2 | Today Daily Change % | 0.3600 |
| 3 | Today daily open | 1.0646 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0616, 50 SMA 1.041, 100 SMA @ 1.015 and 200 SMA @ 1.0314.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0616 |
| 1 | Daily SMA50 | 1.0410 |
| 2 | Daily SMA100 | 1.0150 |
| 3 | Daily SMA200 | 1.0314 |
The previous day high was 1.0648 while the previous day low was 1.0483. The daily 38.2% Fib levels comes at 1.0585, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0546, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0537, 1.0427, 1.0372
- Pivot resistance is noted at 1.0702, 1.0757, 1.0867
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0648 |
| Previous Daily Low | 1.0483 |
| Previous Weekly High | 1.0710 |
| Previous Weekly Low | 1.0483 |
| Previous Monthly High | 1.0736 |
| Previous Monthly Low | 1.0393 |
| Daily Fibonacci 38.2% | 1.0585 |
| Daily Fibonacci 61.8% | 1.0546 |
| Daily Pivot Point S1 | 1.0537 |
| Daily Pivot Point S2 | 1.0427 |
| Daily Pivot Point S3 | 1.0372 |
| Daily Pivot Point R1 | 1.0702 |
| Daily Pivot Point R2 | 1.0757 |
| Daily Pivot Point R3 | 1.0867 |
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