#EURUSD @ 0.97899 reclaims part of the ground lost on Wednesday’s decline. (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 reclaims part of the ground lost on Wednesday’s decline.
- The 8-month resistance line caps the upside near 0.9960.
The pair currently trades last at 0.97899.
The previous day high was 0.9872 while the previous day low was 0.9757. The daily 38.2% Fib levels comes at 0.9801, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9829, expected to provide resistance.
EUR/USD regains some composure and trades close to the 0.9800 neighbourhood on Thursday.
In case of the continuation of the rebound, the pair faces an interim hurdle at the 55-day SMA, today 0.9941, ahead of the more relevant 8-month resistance line around 0.9960. The surpass of the latter is needed to mitigate the downside pressure and spark a more lasting/serious recovery to, initially, the October peak at 0.9999 (October 4).
In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0544.
Technical Levels: Supports and Resistances
EURUSD currently trading at 0.9792 at the time of writing. Pair opened at 0.9772 and is trading with a change of 0.2 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.9792 |
| 1 | Today Daily Change | 83.0000 |
| 2 | Today Daily Change % | 0.2000 |
| 3 | Today daily open | 0.9772 |
The pair is trading above its 20 Daily moving average @ 0.9769, below its 50 Daily moving average @ 0.9924 , below its 100 Daily moving average @ 1.0135 and below its 200 Daily moving average @ 1.0555
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9769 |
| 1 | Daily SMA50 | 0.9924 |
| 2 | Daily SMA100 | 1.0135 |
| 3 | Daily SMA200 | 1.0555 |
The previous day high was 0.9872 while the previous day low was 0.9757. The daily 38.2% Fib levels comes at 0.9801, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9829, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 0.9729, 0.9686, 0.9614
- Pivot resistance is noted at 0.9844, 0.9916, 0.9959
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.9872 |
| Previous Daily Low | 0.9757 |
| Previous Weekly High | 0.9809 |
| Previous Weekly Low | 0.9632 |
| Previous Monthly High | 1.0198 |
| Previous Monthly Low | 0.9536 |
| Daily Fibonacci 38.2% | 0.9801 |
| Daily Fibonacci 61.8% | 0.9829 |
| Daily Pivot Point S1 | 0.9729 |
| Daily Pivot Point S2 | 0.9686 |
| Daily Pivot Point S3 | 0.9614 |
| Daily Pivot Point R1 | 0.9844 |
| Daily Pivot Point R2 | 0.9916 |
| Daily Pivot Point R3 | 0.9959 |
[/s2If]
Join Our Telegram Group
