#EURUSD @ 1.07630 remains bid near the 1.0780 region on Thursday. (Pivot Orderbook analysis)
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- EUR/USD remains bid near the 1.0780 region on Thursday.
- Extra gains likely above the immediate support line near 1.0540.
The pair currently trades last at 1.07630.
The previous day high was 1.0776 while the previous day low was 1.0726. The daily 38.2% Fib levels comes at 1.0757, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0745, expected to provide support.
EUR/USD seems to have met solid resistance in the area of recent peaks around 1.0780.
In case bulls remain in control, the breakout of the January high at 1.0776 (January 11) could put the May 2022 top at 1.0786 (May 30) back on the radar ahead of the round level at 1.0800.
While above the short-term support line near 1.0540, the pair should maintain its bullish outlook.
In the longer run, the constructive view remains unchanged while above the 200-day SMA at 1.0308.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0758 at the time of writing. Pair opened at 1.0754 and is trading with a change of 0.04 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0758 |
| 1 | Today Daily Change | 33.0000 |
| 2 | Today Daily Change % | 0.0400 |
| 3 | Today daily open | 1.0754 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0635, 50 SMA 1.0463, 100 SMA @ 1.0173 and 200 SMA @ 1.0311.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0635 |
| 1 | Daily SMA50 | 1.0463 |
| 2 | Daily SMA100 | 1.0173 |
| 3 | Daily SMA200 | 1.0311 |
The previous day high was 1.0776 while the previous day low was 1.0726. The daily 38.2% Fib levels comes at 1.0757, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0745, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0728, 1.0701, 1.0677
- Pivot resistance is noted at 1.0778, 1.0803, 1.0829
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0776 |
| Previous Daily Low | 1.0726 |
| Previous Weekly High | 1.0710 |
| Previous Weekly Low | 1.0483 |
| Previous Monthly High | 1.0736 |
| Previous Monthly Low | 1.0393 |
| Daily Fibonacci 38.2% | 1.0757 |
| Daily Fibonacci 61.8% | 1.0745 |
| Daily Pivot Point S1 | 1.0728 |
| Daily Pivot Point S2 | 1.0701 |
| Daily Pivot Point S3 | 1.0677 |
| Daily Pivot Point R1 | 1.0778 |
| Daily Pivot Point R2 | 1.0803 |
| Daily Pivot Point R3 | 1.0829 |
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