#EURUSD @ 1.09474 erodes Tuesday’s gains and revisits the 1.0920/15 band. (Pivot Orderbook analysis)
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- EUR/USD erodes Tuesday’s gains and revisits the 1.0920/15 band.
- There is still decent contention around the 1.0900 neighbourhood.
The pair currently trades last at 1.09474.
The previous day high was 1.0983 while the previous day low was 1.0922. The daily 38.2% Fib levels comes at 1.096, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0946, expected to provide support.
EUR/USD extends the choppy performance this week in line with the rest of the global markets.
Further consolidation should not be ruled out for the time being. The breakout of this theme exposes a probable move to 1.1000 ahead of the 2023 high at 1.1075 (April 14). On the downside, the 1.0900 zone emerges as quite a decent contention so far.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0382.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0935 at the time of writing. Pair opened at 1.0972 and is trading with a change of -0.34 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0935 |
| 1 | Today Daily Change | 67.0000 |
| 2 | Today Daily Change % | -0.3400 |
| 3 | Today daily open | 1.0972 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0898, 50 SMA 1.0751, 100 SMA @ 1.0722 and 200 SMA @ 1.0379.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0898 |
| 1 | Daily SMA50 | 1.0751 |
| 2 | Daily SMA100 | 1.0722 |
| 3 | Daily SMA200 | 1.0379 |
The previous day high was 1.0983 while the previous day low was 1.0922. The daily 38.2% Fib levels comes at 1.096, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0946, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0935, 1.0899, 1.0875
- Pivot resistance is noted at 1.0996, 1.102, 1.1057
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0983 |
| Previous Daily Low | 1.0922 |
| Previous Weekly High | 1.1076 |
| Previous Weekly Low | 1.0837 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0516 |
| Daily Fibonacci 38.2% | 1.0960 |
| Daily Fibonacci 61.8% | 1.0946 |
| Daily Pivot Point S1 | 1.0935 |
| Daily Pivot Point S2 | 1.0899 |
| Daily Pivot Point S3 | 1.0875 |
| Daily Pivot Point R1 | 1.0996 |
| Daily Pivot Point R2 | 1.1020 |
| Daily Pivot Point R3 | 1.1057 |
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