#EURUSD @ 1.09229 regains downside traction and approaches 1.0900. (Pivot Orderbook analysis)
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- EUR/USD regains downside traction and approaches 1.0900.
- The next support comes at the weekly low at 1.0909.
The pair currently trades last at 1.09229.
The previous day high was 1.1007 while the previous day low was 1.0942. The daily 38.2% Fib levels comes at 1.0982, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0966, expected to provide resistance.
The selling momentum around EUR/USD gathers further impulse and drags the pair to new 3-week lows near 1.0920 on Thursday.
If bears remain in control, EUR/USD could see the weekly low at 1.0909 (April 17) quickly revisited prior to the provisional 55-day SMA at 1.0841, which comes just 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 1.0440.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0924 at the time of writing. Pair opened at 1.0982 and is trading with a change of -0.53 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0924 |
| 1 | Today Daily Change | 81.0000 |
| 2 | Today Daily Change % | -0.5300 |
| 3 | Today daily open | 1.0982 |
The pair is trading below its 20 Daily moving average @ 1.0999, above its 50 Daily moving average @ 1.0861 , above its 100 Daily moving average @ 1.0793 and above its 200 Daily moving average @ 1.0446
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0999 |
| 1 | Daily SMA50 | 1.0861 |
| 2 | Daily SMA100 | 1.0793 |
| 3 | Daily SMA200 | 1.0446 |
The previous day high was 1.1007 while the previous day low was 1.0942. The daily 38.2% Fib levels comes at 1.0982, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0966, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0947, 1.0912, 1.0882
- Pivot resistance is noted at 1.1012, 1.1042, 1.1078
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1007 |
| Previous Daily Low | 1.0942 |
| Previous Weekly High | 1.1092 |
| Previous Weekly Low | 1.0942 |
| Previous Monthly High | 1.1095 |
| Previous Monthly Low | 1.0788 |
| Daily Fibonacci 38.2% | 1.0982 |
| Daily Fibonacci 61.8% | 1.0966 |
| Daily Pivot Point S1 | 1.0947 |
| Daily Pivot Point S2 | 1.0912 |
| Daily Pivot Point S3 | 1.0882 |
| Daily Pivot Point R1 | 1.1012 |
| Daily Pivot Point R2 | 1.1042 |
| Daily Pivot Point R3 | 1.1078 |
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