#EURUSD @ 1.10495 advances further and records a new 2023 high. (Pivot Orderbook analysis)
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- EUR/USD advances further and records a new 2023 high.
- Extra upside could retest the round level at 1.1100 next.
The pair currently trades last at 1.10495.
The previous day high was 1.1 while the previous day low was 1.0911. The daily 38.2% Fib levels comes at 1.0966, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0945, expected to provide support.
EUR/USD keeps the bullish bias well in place and climbs to the 1.1040/50 on Thursday, or new YTD peaks.
The likelihood of extra advances appears favoured for the time being. Against that, the immediate target now appears at the round level at 1.1100 seconded by the weekly high at 1.1184 (March 21 2022).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0364.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.102 at the time of writing. Pair opened at 1.0992 and is trading with a change of 0.25 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.1020 |
| 1 | Today Daily Change | 67.0000 |
| 2 | Today Daily Change % | 0.2500 |
| 3 | Today daily open | 1.0992 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0839, 50 SMA 1.0736, 100 SMA @ 1.0698 and 200 SMA @ 1.0362.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0839 |
| 1 | Daily SMA50 | 1.0736 |
| 2 | Daily SMA100 | 1.0698 |
| 3 | Daily SMA200 | 1.0362 |
The previous day high was 1.1 while the previous day low was 1.0911. The daily 38.2% Fib levels comes at 1.0966, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0945, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0935, 1.0878, 1.0845
- Pivot resistance is noted at 1.1025, 1.1057, 1.1114
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1000 |
| Previous Daily Low | 1.0911 |
| Previous Weekly High | 1.0973 |
| Previous Weekly Low | 1.0788 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0516 |
| Daily Fibonacci 38.2% | 1.0966 |
| Daily Fibonacci 61.8% | 1.0945 |
| Daily Pivot Point S1 | 1.0935 |
| Daily Pivot Point S2 | 1.0878 |
| Daily Pivot Point S3 | 1.0845 |
| Daily Pivot Point R1 | 1.1025 |
| Daily Pivot Point R2 | 1.1057 |
| Daily Pivot Point R3 | 1.1114 |
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