#EURUSD @ 1.07553 picks up further downside traction near 1.0750. (Pivot Orderbook analysis)
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- EUR/USD picks up further downside traction near 1.0750.
- Losses could accelerate below the 3-month line near 1.0760.
The pair currently trades last at 1.07553.
The previous day high was 1.094 while the previous day low was 1.0793. The daily 38.2% Fib levels comes at 1.0849, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0884, expected to provide resistance.
EUR/USD extends the corrective decline for the third consecutive session and flirts with the 1.0750 region at the beginning of the week.
A convincing breakdown of the 3-month support line around 1.0760 could open the door to extra weakness in the short-term horizon. Against that, there is an interim support at the 55-day SMA at 1.0655 prior to the 2023 low at 1.0481 (January 6).
In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0318.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0758 at the time of writing. Pair opened at 1.0793 and is trading with a change of -0.32 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0758 |
| 1 | Today Daily Change | 42.0000 |
| 2 | Today Daily Change % | -0.3200 |
| 3 | Today daily open | 1.0793 |
The pair is trading below its 20 Daily moving average @ 1.0842, above its 50 Daily moving average @ 1.0677 , above its 100 Daily moving average @ 1.032 and above its 200 Daily moving average @ 1.0319
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0842 |
| 1 | Daily SMA50 | 1.0677 |
| 2 | Daily SMA100 | 1.0320 |
| 3 | Daily SMA200 | 1.0319 |
The previous day high was 1.094 while the previous day low was 1.0793. The daily 38.2% Fib levels comes at 1.0849, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0884, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0744, 1.0695, 1.0597
- Pivot resistance is noted at 1.0891, 1.0989, 1.1038
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0940 |
| Previous Daily Low | 1.0793 |
| Previous Weekly High | 1.1033 |
| Previous Weekly Low | 1.0793 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0483 |
| Daily Fibonacci 38.2% | 1.0849 |
| Daily Fibonacci 61.8% | 1.0884 |
| Daily Pivot Point S1 | 1.0744 |
| Daily Pivot Point S2 | 1.0695 |
| Daily Pivot Point S3 | 1.0597 |
| Daily Pivot Point R1 | 1.0891 |
| Daily Pivot Point R2 | 1.0989 |
| Daily Pivot Point R3 | 1.1038 |
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