#EURUSD @ 1.07417 keeps the bid tone unchanged near 1.0750 on Wednesday. (Pivot Orderbook analysis)
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- EUR/USD keeps the bid tone unchanged near 1.0750 on Wednesday.
- The surpass of recent peaks around 1.0760 exposes a move to 1.0800.
The pair currently trades last at 1.07417.
The previous day high was 1.0759 while the previous day low was 1.0712. The daily 38.2% Fib levels comes at 1.0741, expected to provide support. Similarly, the daily 61.8% fib level is at 1.073, expected to provide support.
EUR/USD is up for the fourth straight session and revisits the 1.0750 region midweek.
In case bulls remain in control, the breakout of the January high at 1.0760 (January 9) could put the June 2022 peak at 1.0773 (June 27) to the test closely followed by the May 2022 top at 1.0786 (May 30).
Extra gains from here should target the key round level at 1.0800.
In the meantime, further gains remain in store for the pair while above the 200-day SMA at 1.0308.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0732 at the time of writing. Pair opened at 1.0736 and is trading with a change of -0.04 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0732 |
| 1 | Today Daily Change | 32.0000 |
| 2 | Today Daily Change % | -0.0400 |
| 3 | Today daily open | 1.0736 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0632, 50 SMA 1.0444, 100 SMA @ 1.0165 and 200 SMA @ 1.0312.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0632 |
| 1 | Daily SMA50 | 1.0444 |
| 2 | Daily SMA100 | 1.0165 |
| 3 | Daily SMA200 | 1.0312 |
The previous day high was 1.0759 while the previous day low was 1.0712. The daily 38.2% Fib levels comes at 1.0741, expected to provide support. Similarly, the daily 61.8% fib level is at 1.073, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0712, 1.0689, 1.0665
- Pivot resistance is noted at 1.076, 1.0783, 1.0807
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0759 |
| Previous Daily Low | 1.0712 |
| Previous Weekly High | 1.0710 |
| Previous Weekly Low | 1.0483 |
| Previous Monthly High | 1.0736 |
| Previous Monthly Low | 1.0393 |
| Daily Fibonacci 38.2% | 1.0741 |
| Daily Fibonacci 61.8% | 1.0730 |
| Daily Pivot Point S1 | 1.0712 |
| Daily Pivot Point S2 | 1.0689 |
| Daily Pivot Point S3 | 1.0665 |
| Daily Pivot Point R1 | 1.0760 |
| Daily Pivot Point R2 | 1.0783 |
| Daily Pivot Point R3 | 1.0807 |
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