#EURUSD @ 1.08915 keeps the bid bias unchanged near the 1.0900 region. (Pivot Orderbook analysis)
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- EUR/USD keeps the bid bias unchanged near the 1.0900 region.
- Further upside could see the 2023 peak near 1.1030 revisited.
The pair currently trades last at 1.08915.
The previous day high was 1.0912 while the previous day low was 1.0759. The daily 38.2% Fib levels comes at 1.0854, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0818, expected to provide support.
EUR/USD manages to clear the 1.0900 barrier and advance to fresh multi-week highs on Thursday.
The continuation of the strong uptrend appears on the table for the time being. That said, the pair now needs to clear the March high at 1.0929 (March 23) to allow for a probable challenge of the 2023 top at 1.1032 (February 2) in the short-term horizon.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0331.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0887 at the time of writing. Pair opened at 1.0856 and is trading with a change of 0.29 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0887 |
| 1 | Today Daily Change | 75.0000 |
| 2 | Today Daily Change % | 0.2900 |
| 3 | Today daily open | 1.0856 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0644, 50 SMA 1.0731, 100 SMA @ 1.0597 and 200 SMA @ 1.0331.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0644 |
| 1 | Daily SMA50 | 1.0731 |
| 2 | Daily SMA100 | 1.0597 |
| 3 | Daily SMA200 | 1.0331 |
The previous day high was 1.0912 while the previous day low was 1.0759. The daily 38.2% Fib levels comes at 1.0854, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0818, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0772, 1.0689, 1.0619
- Pivot resistance is noted at 1.0926, 1.0996, 1.1079
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0912 |
| Previous Daily Low | 1.0759 |
| Previous Weekly High | 1.0760 |
| Previous Weekly Low | 1.0516 |
| Previous Monthly High | 1.1033 |
| Previous Monthly Low | 1.0533 |
| Daily Fibonacci 38.2% | 1.0854 |
| Daily Fibonacci 61.8% | 1.0818 |
| Daily Pivot Point S1 | 1.0772 |
| Daily Pivot Point S2 | 1.0689 |
| Daily Pivot Point S3 | 1.0619 |
| Daily Pivot Point R1 | 1.0926 |
| Daily Pivot Point R2 | 1.0996 |
| Daily Pivot Point R3 | 1.1079 |
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