#EURUSD @ 1.06343 adds to the weekly recovery beyond the 1.0600 mark. (Pivot Orderbook analysis)
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- EUR/USD adds to the weekly recovery beyond the 1.0600 mark.
- The 55-day SMA at 1.0715 emerges as the next up barrier near term.
The pair currently trades last at 1.06343.
The previous day high was 1.062 while the previous day low was 1.0533. The daily 38.2% Fib levels comes at 1.0587, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0566, expected to provide support.
EUR/USD extends the optimism seen at the beginning of the week and looks to extend the breakout of 1.0600 the figure on Tuesday.
There is a provisional up barrier at the 55-day SMA at 1.0715 prior to the weekly high at 1.0804 (February 14). A convincing move above this level could open the door to extra gains in the short-term horizon.
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 1.0623 at the time of writing. Pair opened at 1.0608 and is trading with a change of 0.14 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0623 |
| 1 | Today Daily Change | 59.0000 |
| 2 | Today Daily Change % | 0.1400 |
| 3 | Today daily open | 1.0608 |
The pair is trading below its 20 Daily moving average @ 1.0718, below its 50 Daily moving average @ 1.0726 , above its 100 Daily moving average @ 1.046 and above its 200 Daily moving average @ 1.0331
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0718 |
| 1 | Daily SMA50 | 1.0726 |
| 2 | Daily SMA100 | 1.0460 |
| 3 | Daily SMA200 | 1.0331 |
The previous day high was 1.062 while the previous day low was 1.0533. The daily 38.2% Fib levels comes at 1.0587, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0566, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0554, 1.05, 1.0467
- Pivot resistance is noted at 1.0641, 1.0674, 1.0728
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0620 |
| Previous Daily Low | 1.0533 |
| Previous Weekly High | 1.0705 |
| Previous Weekly Low | 1.0536 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0483 |
| Daily Fibonacci 38.2% | 1.0587 |
| Daily Fibonacci 61.8% | 1.0566 |
| Daily Pivot Point S1 | 1.0554 |
| Daily Pivot Point S2 | 1.0500 |
| Daily Pivot Point S3 | 1.0467 |
| Daily Pivot Point R1 | 1.0641 |
| Daily Pivot Point R2 | 1.0674 |
| Daily Pivot Point R3 | 1.0728 |
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