#EURUSD @ 1.06928 resumes the downside following Thursday’s decent uptick. (Pivot Orderbook analysis)
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- EUR/USD resumes the downside following Thursday’s decent uptick.
- A deeper decline could see the monthly low near 1.0670 retested.
The pair currently trades last at 1.06928.
The previous day high was 1.0791 while the previous day low was 1.071. The daily 38.2% Fib levels comes at 1.076, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0741, expected to provide resistance.
EUR/USD keeps the weekly range bound theme unchanged and now breaks below the key 1.0700 support on Friday.
In case losses gather extra impulse, then the pair could rapidly challenge the so far February low at 1.0669 (February 7). The loss of the latter could pave the way for further retracement 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 1.0321.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0692 at the time of writing. Pair opened at 1.0734 and is trading with a change of -0.39 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0692 |
| 1 | Today Daily Change | 67.0000 |
| 2 | Today Daily Change % | -0.3900 |
| 3 | Today daily open | 1.0734 |
The pair is trading below its 20 Daily moving average @ 1.0833, below its 50 Daily moving average @ 1.0703 , above its 100 Daily moving average @ 1.0353 and above its 200 Daily moving average @ 1.0323
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0833 |
| 1 | Daily SMA50 | 1.0703 |
| 2 | Daily SMA100 | 1.0353 |
| 3 | Daily SMA200 | 1.0323 |
The previous day high was 1.0791 while the previous day low was 1.071. The daily 38.2% Fib levels comes at 1.076, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0741, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0699, 1.0664, 1.0618
- Pivot resistance is noted at 1.078, 1.0826, 1.0861
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0791 |
| 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% | 1.0760 |
| Daily Fibonacci 61.8% | 1.0741 |
| Daily Pivot Point S1 | 1.0699 |
| Daily Pivot Point S2 | 1.0664 |
| Daily Pivot Point S3 | 1.0618 |
| Daily Pivot Point R1 | 1.0780 |
| Daily Pivot Point R2 | 1.0826 |
| Daily Pivot Point R3 | 1.0861 |
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