#EURUSD @ 1.01250 rises to 4-week highs just below the 1.0200 mark. (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- EUR/USD rises to 4-week highs just below the 1.0200 mark.
- Extra upside appears in store once that level is cleared.
The pair currently trades last at 1.01250.
The previous day high was 1.0114 while the previous day low was 0.9996. The daily 38.2% Fib levels comes at 1.0068, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0041, expected to provide support.
EUR/USD adds to Friday’s advance and tests fresh peaks near 1.0200 at the beginning of the week, an area coincident with the 7-month resistance line.
The pair now needs to leave behind that resistance area to see its downside pressure alleviated and allow at the same time a visit to the interim 100-day SMA at 1.0338 prior to the more relevant August high at 1.0368 (August 10).
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0755.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0122 at the time of writing. Pair opened at 1.0043 and is trading with a change of 0.79 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0122 |
| 1 | Today Daily Change | 138.0000 |
| 2 | Today Daily Change % | 0.7900 |
| 3 | Today daily open | 1.0043 |
The pair is trading above its 20 Daily moving average @ 1.0015, above its 50 Daily moving average @ 1.012 , below its 100 Daily moving average @ 1.0346 and below its 200 Daily moving average @ 1.0763
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0015 |
| 1 | Daily SMA50 | 1.0120 |
| 2 | Daily SMA100 | 1.0346 |
| 3 | Daily SMA200 | 1.0763 |
The previous day high was 1.0114 while the previous day low was 0.9996. The daily 38.2% Fib levels comes at 1.0068, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0041, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 0.9988, 0.9933, 0.987
- Pivot resistance is noted at 1.0106, 1.0169, 1.0224
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0114 |
| Previous Daily Low | 0.9996 |
| Previous Weekly High | 1.0114 |
| Previous Weekly Low | 0.9864 |
| Previous Monthly High | 1.0369 |
| Previous Monthly Low | 0.9901 |
| Daily Fibonacci 38.2% | 1.0068 |
| Daily Fibonacci 61.8% | 1.0041 |
| Daily Pivot Point S1 | 0.9988 |
| Daily Pivot Point S2 | 0.9933 |
| Daily Pivot Point S3 | 0.9870 |
| Daily Pivot Point R1 | 1.0106 |
| Daily Pivot Point R2 | 1.0169 |
| Daily Pivot Point R3 | 1.0224 |
[/s2If]
Join Our Telegram Group
