#EURUSD @ 1.00530 extends the recovery to 3-week highs past 1.0100. (Pivot Orderbook analysis)
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- EUR/USD extends the recovery to 3-week highs past 1.0100.
- Further gains lie ahead once the 7-month resistance line is cleared.
The pair currently trades last at 1.00530.
The previous day high was 1.003 while the previous day low was 0.9931. The daily 38.2% Fib levels comes at 0.9969, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9992, expected to provide support.
EUR/USD regains upside traction and climbs to levels beyond 1.0100, or multi-week highs, on Friday.
Further upside should now meet the temporary hurdle at the 55-day SMA at 1.0152 ahead of the 7-month resistance line, today near 1.0200, an area also coincident with a minor up barrier at 1.0202 (August 17). The pair should see its downside pressure mitigated once this region is cleared.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0760.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0049 at the time of writing. Pair opened at 0.9997 and is trading with a change of 0.52 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0049 |
| 1 | Today Daily Change | 121.0000 |
| 2 | Today Daily Change % | 0.5200 |
| 3 | Today daily open | 0.9997 |
The pair is trading above its 20 Daily moving average @ 1.0026, below its 50 Daily moving average @ 1.0128 , below its 100 Daily moving average @ 1.0354 and below its 200 Daily moving average @ 1.0769
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0026 |
| 1 | Daily SMA50 | 1.0128 |
| 2 | Daily SMA100 | 1.0354 |
| 3 | Daily SMA200 | 1.0769 |
The previous day high was 1.003 while the previous day low was 0.9931. The daily 38.2% Fib levels comes at 0.9969, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9992, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 0.9941, 0.9886, 0.9842
- Pivot resistance is noted at 1.0041, 1.0085, 1.014
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0030 |
| Previous Daily Low | 0.9931 |
| Previous Weekly High | 1.0079 |
| Previous Weekly Low | 0.9911 |
| Previous Monthly High | 1.0369 |
| Previous Monthly Low | 0.9901 |
| Daily Fibonacci 38.2% | 0.9969 |
| Daily Fibonacci 61.8% | 0.9992 |
| Daily Pivot Point S1 | 0.9941 |
| Daily Pivot Point S2 | 0.9886 |
| Daily Pivot Point S3 | 0.9842 |
| Daily Pivot Point R1 | 1.0041 |
| Daily Pivot Point R2 | 1.0085 |
| Daily Pivot Point R3 | 1.0140 |
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