#EURUSD @ 1.08676 alternates gains with losses below the 1.0900 mark. (Pivot Orderbook analysis)
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- EUR/USD alternates gains with losses below the 1.0900 mark.
- The 2-month support line near 1.0650 holds the downside so far.
The pair currently trades last at 1.08676.
The previous day high was 1.0927 while the previous day low was 1.0846. The daily 38.2% Fib levels comes at 1.0896, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0877, expected to provide resistance.
EUR/USD’s daily advance falters just ahead of the key 1.0900 barrier on turnaround Tuesday.
The continuation of the uptrend now needs to rapidly clear the 2023 high at 1.0926 (January 23) to allow for a test of the weekly top at 1.0936 (April 21 2022). A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000 the figure in the not-so-distant future
In the meantime, while above the short-term support line near 1.0650, extra gains should remain in store for the pair.
In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0308.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0866 at the time of writing. Pair opened at 1.0868 and is trading with a change of -0.02 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0866 |
| 1 | Today Daily Change | 46.0000 |
| 2 | Today Daily Change % | -0.0200 |
| 3 | Today daily open | 1.0868 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0724, 50 SMA 1.0582, 100 SMA @ 1.0241 and 200 SMA @ 1.031.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0724 |
| 1 | Daily SMA50 | 1.0582 |
| 2 | Daily SMA100 | 1.0241 |
| 3 | Daily SMA200 | 1.0310 |
The previous day high was 1.0927 while the previous day low was 1.0846. The daily 38.2% Fib levels comes at 1.0896, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0877, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0834, 1.08, 1.0754
- Pivot resistance is noted at 1.0915, 1.0961, 1.0995
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0927 |
| Previous Daily Low | 1.0846 |
| Previous Weekly High | 1.0888 |
| Previous Weekly Low | 1.0766 |
| Previous Monthly High | 1.0736 |
| Previous Monthly Low | 1.0393 |
| Daily Fibonacci 38.2% | 1.0896 |
| Daily Fibonacci 61.8% | 1.0877 |
| Daily Pivot Point S1 | 1.0834 |
| Daily Pivot Point S2 | 1.0800 |
| Daily Pivot Point S3 | 1.0754 |
| Daily Pivot Point R1 | 1.0915 |
| Daily Pivot Point R2 | 1.0961 |
| Daily Pivot Point R3 | 1.0995 |
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