#EURUSD @ 099873 sees its rebound trimmed and returns to sub-parity levels, Pivot Orderbook analysis
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- EUR/USD sees its rebound trimmed and returns to sub-parity levels.
- Firm contention is expected near the 0.9900 zone.
The pair currently trades last at 0.99873.
The previous day high was 1.0079 while the previous day low was 0.9971. The daily 38.2% Fib levels comes at 1.0038, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0013, expected to provide resistance.
EUR/USD comes under renewed and marked downside pressure, slipping back below the key parity zone on Thursday.
Further consolidation looks the most likely scenario in EUR/USD for the time being, always within the 1.0100-0.9900 range. The pair is expected to keep this theme unchanged in the next hours, or at least until the key publication of US Nonfarm Payrolls (Friday).
The breakout of the weekly high at 1.0090 (August 26) could spark further gains to 1.0202 (August17 high) ahead of the 55-day SMA, today at 1.0213. Alternatively, the 0.9900 neighbourhood is expected to hold the bearish impulse for the time being.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0801.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0003 at the time of writing. Pair opened at 1.0053 and is trading with a change of -0.5 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0003 |
| 1 | Today Daily Change | 69.0000 |
| 2 | Today Daily Change % | -0.5000 |
| 3 | Today daily open | 1.0053 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 1.0111, 50 SMA 1.0195, 100 SMA @ 1.0405 and 200 SMA @ 1.0809.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0111 |
| 1 | Daily SMA50 | 1.0195 |
| 2 | Daily SMA100 | 1.0405 |
| 3 | Daily SMA200 | 1.0809 |
The previous day high was 1.0079 while the previous day low was 0.9971. The daily 38.2% Fib levels comes at 1.0038, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0013, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 0.999, 0.9927, 0.9882
- Pivot resistance is noted at 1.0098, 1.0142, 1.0205
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0079 |
| Previous Daily Low | 0.9971 |
| Previous Weekly High | 1.0090 |
| Previous Weekly Low | 0.9901 |
| Previous Monthly High | 1.0369 |
| Previous Monthly Low | 0.9901 |
| Daily Fibonacci 38.2% | 1.0038 |
| Daily Fibonacci 61.8% | 1.0013 |
| Daily Pivot Point S1 | 0.9990 |
| Daily Pivot Point S2 | 0.9927 |
| Daily Pivot Point S3 | 0.9882 |
| Daily Pivot Point R1 | 1.0098 |
| Daily Pivot Point R2 | 1.0142 |
| Daily Pivot Point R3 | 1.0205 |
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