#EURUSD @ 1.09001 fades the earlier bull run to new tops near 1.0940. (Pivot Orderbook analysis)
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- EUR/USD fades the earlier bull run to new tops near 1.0940.
- Bulls now shift their attention to the YTD peak near 1.1030.
The pair currently trades last at 1.09001.
The previous day high was 1.0917 while the previous day low was 1.0788. The daily 38.2% Fib levels comes at 1.0868, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0837, expected to provide support.
EUR/USD climbs to new multi-week highs near 1.0940 and deflates afterwards following a late bounce in the dollar.
The likelihood of extra advances appears favoured for the time being. Against that, the pair needs to clear the April high at 1.0938 (April 4) prior to a potential test of the 2023 high at 1.1032 (February 2).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0343.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0893 at the time of writing. Pair opened at 1.0897 and is trading with a change of -0.04 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0893 |
| 1 | Today Daily Change | 56.0000 |
| 2 | Today Daily Change % | -0.0400 |
| 3 | Today daily open | 1.0897 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0735, 50 SMA 1.0732, 100 SMA @ 1.0657 and 200 SMA @ 1.0343.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0735 |
| 1 | Daily SMA50 | 1.0732 |
| 2 | Daily SMA100 | 1.0657 |
| 3 | Daily SMA200 | 1.0343 |
The previous day high was 1.0917 while the previous day low was 1.0788. The daily 38.2% Fib levels comes at 1.0868, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0837, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0818, 1.0739, 1.0689
- Pivot resistance is noted at 1.0946, 1.0996, 1.1075
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0917 |
| Previous Daily Low | 1.0788 |
| Previous Weekly High | 1.0926 |
| Previous Weekly Low | 1.0745 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0516 |
| Daily Fibonacci 38.2% | 1.0868 |
| Daily Fibonacci 61.8% | 1.0837 |
| Daily Pivot Point S1 | 1.0818 |
| Daily Pivot Point S2 | 1.0739 |
| Daily Pivot Point S3 | 1.0689 |
| Daily Pivot Point R1 | 1.0946 |
| Daily Pivot Point R2 | 1.0996 |
| Daily Pivot Point R3 | 1.1075 |
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