#EURUSD @ 1.07837 reverses part of the recent sell-off on Thursday. (Pivot Orderbook analysis)
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- EUR/USD reverses part of the recent sell-off on Thursday.
- Extra gains are likely once 1.0800 is cleared.
The pair currently trades last at 1.07837.
The previous day high was 1.0761 while the previous day low was 1.071. The daily 38.2% Fib levels comes at 1.0729, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0741, expected to provide support.
EUR/USD finally picks up some convincing upside traction and approaches the key resistance area near 1.0800 the figure on Thursday.
If the pair surpasses the 3-month resistance line near 1.0800, it could then extend further the march north with the immediate target at the 2023 peak at 1.1032 (February 2).
In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0320.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.078 at the time of writing. Pair opened at 1.0714 and is trading with a change of 0.62 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0780 |
| 1 | Today Daily Change | 82.0000 |
| 2 | Today Daily Change % | 0.6200 |
| 3 | Today daily open | 1.0714 |
The pair is trading below its 20 Daily moving average @ 1.0839, above its 50 Daily moving average @ 1.0699 , above its 100 Daily moving average @ 1.0344 and above its 200 Daily moving average @ 1.0322
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0839 |
| 1 | Daily SMA50 | 1.0699 |
| 2 | Daily SMA100 | 1.0344 |
| 3 | Daily SMA200 | 1.0322 |
The previous day high was 1.0761 while the previous day low was 1.071. The daily 38.2% Fib levels comes at 1.0729, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0741, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0695, 1.0677, 1.0644
- Pivot resistance is noted at 1.0747, 1.0779, 1.0798
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0761 |
| Previous Daily Low | 1.0710 |
| Previous Weekly High | 1.1033 |
| Previous Weekly Low | 1.0793 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0483 |
| Daily Fibonacci 38.2% | 1.0729 |
| Daily Fibonacci 61.8% | 1.0741 |
| Daily Pivot Point S1 | 1.0695 |
| Daily Pivot Point S2 | 1.0677 |
| Daily Pivot Point S3 | 1.0644 |
| Daily Pivot Point R1 | 1.0747 |
| Daily Pivot Point R2 | 1.0779 |
| Daily Pivot Point R3 | 1.0798 |
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