#EURUSD @ 1.00194 adds to Wednesday’s uptick beyond parity. (Pivot Orderbook analysis)

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• EUR/USD adds to Wednesday’s uptick beyond parity.
• Gains could accelerate to the minor hurdle at 1.0090.

The pair currently trades last at 1.00194.

The previous day high was 1.0011 while the previous day low was 0.9876. The daily 38.2% Fib levels comes at 0.9959, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9927, expected to provide support.

EUR/USD extends the upbeat mood further north of the parity zone ahead of the ECB event on Thursday.

Further upside could see the weekly high at 1.0090 (August 26) retested in the near term prior to the interim hurdle at the 55-day SMA at 1.0162. Further up, spot could see its downside pressure alleviated on a surpass of the 7-month resistance line, today near 1.0210.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0767.

Technical Levels: Supports and Resistances

EURUSD currently trading at 1.0018 at the time of writing. Pair opened at 1.0 and is trading with a change of 0.18 % .

The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 1.0042, 50 SMA 1.0138, 100 SMA @ 1.0362 and 200 SMA @ 1.0775.

The previous day high was 1.0011 while the previous day low was 0.9876. The daily 38.2% Fib levels comes at 0.9959, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9927, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 0.9914, 0.9827, 0.9778
• Pivot resistance is noted at 1.0049, 1.0098, 1.0185

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