#EURUSD @ 1.00278 reverses gear and plummets to the parity region. (Pivot Orderbook analysis)
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- EUR/USD reverses gear and plummets to the parity region.
- The loss of that level could expose the YTD low at 0.9863.
The pair currently trades last at 1.00278.
The previous day high was 1.0198 while the previous day low was 1.0043. The daily 38.2% Fib levels comes at 1.0139, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0102, expected to provide resistance.
EUR/USD sharply reverses the recent advance and rapidly drops to revisit the vicinity of the psychological parity level on Tuesday.
The continuation of the retracement threatens to breach that important area of contention and pave the way for a potential challenge of the 2022 low at 0.9863 (September 6).
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0748.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0022 at the time of writing. Pair opened at 1.0123 and is trading with a change of -1.0 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0022 |
| 1 | Today Daily Change | 183.0000 |
| 2 | Today Daily Change % | -1.0000 |
| 3 | Today daily open | 1.0123 |
The pair is trading above its 20 Daily moving average @ 1.0013, below its 50 Daily moving average @ 1.0114 , below its 100 Daily moving average @ 1.034 and below its 200 Daily moving average @ 1.0757
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0013 |
| 1 | Daily SMA50 | 1.0114 |
| 2 | Daily SMA100 | 1.0340 |
| 3 | Daily SMA200 | 1.0757 |
The previous day high was 1.0198 while the previous day low was 1.0043. The daily 38.2% Fib levels comes at 1.0139, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0102, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0044, 0.9966, 0.989
- Pivot resistance is noted at 1.0199, 1.0276, 1.0354
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0198 |
| Previous Daily Low | 1.0043 |
| Previous Weekly High | 1.0114 |
| Previous Weekly Low | 0.9864 |
| Previous Monthly High | 1.0369 |
| Previous Monthly Low | 0.9901 |
| Daily Fibonacci 38.2% | 1.0139 |
| Daily Fibonacci 61.8% | 1.0102 |
| Daily Pivot Point S1 | 1.0044 |
| Daily Pivot Point S2 | 0.9966 |
| Daily Pivot Point S3 | 0.9890 |
| Daily Pivot Point R1 | 1.0199 |
| Daily Pivot Point R2 | 1.0276 |
| Daily Pivot Point R3 | 1.0354 |
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