#EURUSD @ 0.97071 comes under some pressure around the 0.9700 mark. (Pivot Orderbook analysis)
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- EUR/USD comes under some pressure around the 0.9700 mark.
- Extra range bound appears on the cards in the very near term.
The pair currently trades last at 0.97071.
The previous day high was 0.9775 while the previous day low was 0.967. The daily 38.2% Fib levels comes at 0.9735, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.971, expected to provide resistance.
EUR/USD exchanges gains with losses in the 0.9700 region amidst an equally vacillating trend in the risk complex.
The ongoing price action suggests a continuation of the current side-lined trading around current levels, at least until the release of the FOMC Minutes and US inflation figures later in the week. The breach of this theme could put a potential visit to the 2022 low at 0.9535 (September 28) back on the traders’ radar.
In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0592.
Technical Levels: Supports and Resistances
EURUSD currently trading at 0.9704 at the time of writing. Pair opened at 0.971 and is trading with a change of -0.06 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.9704 |
| 1 | Today Daily Change | 53.0000 |
| 2 | Today Daily Change % | -0.0600 |
| 3 | Today daily open | 0.9710 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.9827, 50 SMA 0.9976, 100 SMA @ 1.0191 and 200 SMA @ 1.0602.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9827 |
| 1 | Daily SMA50 | 0.9976 |
| 2 | Daily SMA100 | 1.0191 |
| 3 | Daily SMA200 | 1.0602 |
The previous day high was 0.9775 while the previous day low was 0.967. The daily 38.2% Fib levels comes at 0.9735, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.971, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 0.9662, 0.9614, 0.9558
- Pivot resistance is noted at 0.9766, 0.9822, 0.987
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.9775 |
| Previous Daily Low | 0.9670 |
| Previous Weekly High | 1.0000 |
| Previous Weekly Low | 0.9726 |
| Previous Monthly High | 1.0198 |
| Previous Monthly Low | 0.9536 |
| Daily Fibonacci 38.2% | 0.9735 |
| Daily Fibonacci 61.8% | 0.9710 |
| Daily Pivot Point S1 | 0.9662 |
| Daily Pivot Point S2 | 0.9614 |
| Daily Pivot Point S3 | 0.9558 |
| Daily Pivot Point R1 | 0.9766 |
| Daily Pivot Point R2 | 0.9822 |
| Daily Pivot Point R3 | 0.9870 |
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