#EURUSD @ 1.05914 rebounds from fresh monthly lows near 1.0530. (Pivot Orderbook analysis)
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- EUR/USD rebounds from fresh monthly lows near 1.0530.
- The next target of note emerges at the weekly high beyond 1.0800.
The pair currently trades last at 1.05914.
The previous day high was 1.0614 while the previous day low was 1.0536. The daily 38.2% Fib levels comes at 1.0566, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0585, expected to provide support.
EUR/USD manages to regain some traction and leaves behind multi-week lows in the 1.0535/30 band at the beginning of the week.
There is a temporary up barrier at the 55-day SMA at 1.0715 ahead of the weekly peak at 1.0804 (February 14). A convincing move above the latter could mitigate the selling pressure in the near term.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0328.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0584 at the time of writing. Pair opened at 1.0547 and is trading with a change of 0.35 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0584 |
| 1 | Today Daily Change | 57.0000 |
| 2 | Today Daily Change % | 0.3500 |
| 3 | Today daily open | 1.0547 |
The pair is trading below its 20 Daily moving average @ 1.073, below its 50 Daily moving average @ 1.0726 , above its 100 Daily moving average @ 1.0451 and above its 200 Daily moving average @ 1.0331
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0730 |
| 1 | Daily SMA50 | 1.0726 |
| 2 | Daily SMA100 | 1.0451 |
| 3 | Daily SMA200 | 1.0331 |
The previous day high was 1.0614 while the previous day low was 1.0536. The daily 38.2% Fib levels comes at 1.0566, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0585, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0517, 1.0488, 1.0439
- Pivot resistance is noted at 1.0596, 1.0644, 1.0674
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0614 |
| Previous Daily Low | 1.0536 |
| Previous Weekly High | 1.0705 |
| Previous Weekly Low | 1.0536 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0483 |
| Daily Fibonacci 38.2% | 1.0566 |
| Daily Fibonacci 61.8% | 1.0585 |
| Daily Pivot Point S1 | 1.0517 |
| Daily Pivot Point S2 | 1.0488 |
| Daily Pivot Point S3 | 1.0439 |
| Daily Pivot Point R1 | 1.0596 |
| Daily Pivot Point R2 | 1.0644 |
| Daily Pivot Point R3 | 1.0674 |
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