#EURUSD @ 1.09542 extends the leg lower and retests the mid-1.0900s. (Pivot Orderbook analysis)
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- EUR/USD extends the leg lower and retests the mid-1.0900s.
- The weekly low near 1.0910 awaits in case losses pick up pace.
The pair currently trades last at 1.09542.
The previous day high was 1.1036 while the previous day low was 1.0964. The daily 38.2% Fib levels comes at 1.0992, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1008, expected to provide resistance.
EUR/USD loses the grip and drops to multi-session lows near 1.0950 on turnaround Tuesday.
The continuation of the corrective retracement should not be ruled out in the very near term. That said, the next support of note emerges at the weekly low at 1.0909 (April 17) ahead of another weekly low at 1.0831 (April 10).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0420.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0949 at the time of writing. Pair opened at 1.0974 and is trading with a change of -0.23 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0949 |
| 1 | Today Daily Change | 58.0000 |
| 2 | Today Daily Change % | -0.2300 |
| 3 | Today daily open | 1.0974 |
The pair is trading below its 20 Daily moving average @ 1.0969, above its 50 Daily moving average @ 1.0805 , above its 100 Daily moving average @ 1.0766 and above its 200 Daily moving average @ 1.0417
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0969 |
| 1 | Daily SMA50 | 1.0805 |
| 2 | Daily SMA100 | 1.0766 |
| 3 | Daily SMA200 | 1.0417 |
The previous day high was 1.1036 while the previous day low was 1.0964. The daily 38.2% Fib levels comes at 1.0992, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1008, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0947, 1.092, 1.0876
- Pivot resistance is noted at 1.1018, 1.1062, 1.1089
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1036 |
| Previous Daily Low | 1.0964 |
| Previous Weekly High | 1.1095 |
| Previous Weekly Low | 1.0962 |
| Previous Monthly High | 1.1095 |
| Previous Monthly Low | 1.0788 |
| Daily Fibonacci 38.2% | 1.0992 |
| Daily Fibonacci 61.8% | 1.1008 |
| Daily Pivot Point S1 | 1.0947 |
| Daily Pivot Point S2 | 1.0920 |
| Daily Pivot Point S3 | 1.0876 |
| Daily Pivot Point R1 | 1.1018 |
| Daily Pivot Point R2 | 1.1062 |
| Daily Pivot Point R3 | 1.1089 |
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