#EURUSD @ 1.06582 adds to Friday’s decent advance and retests 1.0660. (Pivot Orderbook analysis)
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- EUR/USD adds to Friday’s decent advance and retests 1.0660.
- The 55-day SMA around 1.0715 still offers interim resistance.
The pair currently trades last at 1.06582.
The previous day high was 19.33 while the previous day low was 19.2087. The daily 38.2% Fib levels comes at 19.255, expected to provide resistance. Similarly, the daily 61.8% fib level is at 19.2837, expected to provide resistance.
EUR/USD advances for the second session in a row and reaches 2-day highs near 1.0660 on Monday.
If the rebound gets more serious, then the pair needs to clear the provisional hurdle at the 55-day SMA, today at 1.0715, to allow for extra gains to, initially, the weekly top at 1.0804 (February 14).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0326.
Technical Levels: Supports and Resistances
EURUSD currently trading at 19.4083 at the time of writing. Pair opened at 19.2833 and is trading with a change of 0.65 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 19.4083 |
| 1 | Today Daily Change | 36.0000 |
| 2 | Today Daily Change % | 0.6500 |
| 3 | Today daily open | 19.2833 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 19.2556, 50 SMA 18.7491, 100 SMA @ 18.3905 and 200 SMA @ 17.7451.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 19.2556 |
| 1 | Daily SMA50 | 18.7491 |
| 2 | Daily SMA100 | 18.3905 |
| 3 | Daily SMA200 | 17.7451 |
The previous day high was 19.33 while the previous day low was 19.2087. The daily 38.2% Fib levels comes at 19.255, expected to provide resistance. Similarly, the daily 61.8% fib level is at 19.2837, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 19.218, 19.1527, 19.0967
- Pivot resistance is noted at 19.3393, 19.3953, 19.4607
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 19.3300 |
| Previous Daily Low | 19.2087 |
| Previous Weekly High | 19.6245 |
| Previous Weekly Low | 19.2087 |
| Previous Monthly High | 19.6245 |
| Previous Monthly Low | 18.5289 |
| Daily Fibonacci 38.2% | 19.2550 |
| Daily Fibonacci 61.8% | 19.2837 |
| Daily Pivot Point S1 | 19.2180 |
| Daily Pivot Point S2 | 19.1527 |
| Daily Pivot Point S3 | 19.0967 |
| Daily Pivot Point R1 | 19.3393 |
| Daily Pivot Point R2 | 19.3953 |
| Daily Pivot Point R3 | 19.4607 |
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