#EURUSD @ 0.95510 drops for the seventh straight session and tests 0.9535. (Pivot Orderbook analysis)
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- EUR/USD drops for the seventh straight session and tests 0.9535.
- Below the 2022 low at 0.9535 comes the 0.9500 region.
The pair currently trades last at 0.95510.
The previous day high was 0.9671 while the previous day low was 0.9569. The daily 38.2% Fib levels comes at 0.9608, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9632, expected to provide resistance.
EUR/USD extends the leg lower to the proximity of 0.9530 earlier on Wednesday, an area last traded back in June 2002.
Odds for extra weakness in the European currency remain well on the table so far with the immediate target at the 2022 low at 0.9552 (September 26). A deeper drop could challenge the round level at 0.9500 ahead of the weekly low at 0.9411 (June 17 2002).
In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0667.
Technical Levels: Supports and Resistances
EURUSD currently trading at 0.9558 at the time of writing. Pair opened at 0.9594 and is trading with a change of -0.38 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.9558 |
| 1 | Today Daily Change | 67.0000 |
| 2 | Today Daily Change % | -0.3800 |
| 3 | Today daily open | 0.9594 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.9924, 50 SMA 1.0056, 100 SMA @ 1.0265 and 200 SMA @ 1.0679.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9924 |
| 1 | Daily SMA50 | 1.0056 |
| 2 | Daily SMA100 | 1.0265 |
| 3 | Daily SMA200 | 1.0679 |
The previous day high was 0.9671 while the previous day low was 0.9569. The daily 38.2% Fib levels comes at 0.9608, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9632, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 0.9552, 0.951, 0.945
- Pivot resistance is noted at 0.9654, 0.9713, 0.9756
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.9671 |
| Previous Daily Low | 0.9569 |
| Previous Weekly High | 1.0051 |
| Previous Weekly Low | 0.9668 |
| Previous Monthly High | 1.0369 |
| Previous Monthly Low | 0.9901 |
| Daily Fibonacci 38.2% | 0.9608 |
| Daily Fibonacci 61.8% | 0.9632 |
| Daily Pivot Point S1 | 0.9552 |
| Daily Pivot Point S2 | 0.9510 |
| Daily Pivot Point S3 | 0.9450 |
| Daily Pivot Point R1 | 0.9654 |
| Daily Pivot Point R2 | 0.9713 |
| Daily Pivot Point R3 | 0.9756 |
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