#EURUSD @ 0.98852 regains some poise and bounces off 0.9800. (Pivot Orderbook analysis)
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- EUR/USD regains some poise and bounces off 0.9800.
- The loss of this region exposes a drop to the 0.9685 level.
The pair currently trades last at 0.98852.
The previous day high was 0.9976 while the previous day low was 0.9813. The daily 38.2% Fib levels comes at 0.9876, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9914, expected to provide resistance.
EUR/USD prints new cycle lows around 0.9800 and sparks a marked rebound soon afterwards.
The pair seems to have met some apparent contention in the 0.9800 neighbourhood so far. Further weakness, however, remains well in store for the time being and could force spot to challenge this zone sooner rather than later. The breakdown of this region could lead up to a visit to the October 2022 low at 0.9685.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0701.
Technical Levels: Supports and Resistances
EURUSD currently trading at 0.9878 at the time of writing. Pair opened at 0.9837 and is trading with a change of 0.42 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.9878 |
| 1 | Today Daily Change | 101.0000 |
| 2 | Today Daily Change % | 0.4200 |
| 3 | Today daily open | 0.9837 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.9985, 50 SMA 1.0091, 100 SMA @ 1.0299 and 200 SMA @ 1.0711.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9985 |
| 1 | Daily SMA50 | 1.0091 |
| 2 | Daily SMA100 | 1.0299 |
| 3 | Daily SMA200 | 1.0711 |
The previous day high was 0.9976 while the previous day low was 0.9813. The daily 38.2% Fib levels comes at 0.9876, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9914, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 0.9775, 0.9713, 0.9612
- Pivot resistance is noted at 0.9938, 1.0039, 1.0101
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.9976 |
| Previous Daily Low | 0.9813 |
| Previous Weekly High | 1.0198 |
| Previous Weekly Low | 0.9945 |
| Previous Monthly High | 1.0369 |
| Previous Monthly Low | 0.9901 |
| Daily Fibonacci 38.2% | 0.9876 |
| Daily Fibonacci 61.8% | 0.9914 |
| Daily Pivot Point S1 | 0.9775 |
| Daily Pivot Point S2 | 0.9713 |
| Daily Pivot Point S3 | 0.9612 |
| Daily Pivot Point R1 | 0.9938 |
| Daily Pivot Point R2 | 1.0039 |
| Daily Pivot Point R3 | 1.0101 |
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