EURUSD sees its recent strong upside temporarily trimmed on Tuesday. (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)]
- EURUSD sees its recent strong upside temporarily trimmed on Tuesday.
- Gains could accelerate beyond the 100-day SMA at 1.0040.
The pair currently trades last at 1.0002.
The previous day high was 1.0034 while the previous day low was 0.9903. The daily 38.2% Fib levels comes at 0.9984, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9953, expected to provide support.
EURUSD meets robust resistance in the 1.0030/40 band for the time being, an area coincident with the 100-day SMA.
If the pair manages to surpass that region in a sustainable note, it could then challenge the October high at 1.0093 (October 27) prior to the September top at 1.0197 (September 12).
While above the 9-month resistance line, today near 0.9850, extra gains look likely.
In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0455.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0002 at the time of writing. Pair opened at 1.0021 and is trading with a change of -0.19 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0002 |
| 1 | Today Daily Change | 60.0000 |
| 2 | Today Daily Change % | -0.1900 |
| 3 | Today daily open | 1.0021 |
The pair is trading above its 20 Daily moving average @ 0.986, above its 50 Daily moving average @ 0.9879 , below its 100 Daily moving average @ 1.0048 and below its 200 Daily moving average @ 1.0464
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9860 |
| 1 | Daily SMA50 | 0.9879 |
| 2 | Daily SMA100 | 1.0048 |
| 3 | Daily SMA200 | 1.0464 |
The previous day high was 1.0034 while the previous day low was 0.9903. The daily 38.2% Fib levels comes at 0.9984, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9953, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 0.9938, 0.9855, 0.9806
- Pivot resistance is noted at 1.0069, 1.0117, 1.02
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0034 |
| Previous Daily Low | 0.9903 |
| Previous Weekly High | 0.9976 |
| Previous Weekly Low | 0.9730 |
| Previous Monthly High | 1.0094 |
| Previous Monthly Low | 0.9632 |
| Daily Fibonacci 38.2% | 0.9984 |
| Daily Fibonacci 61.8% | 0.9953 |
| Daily Pivot Point S1 | 0.9938 |
| Daily Pivot Point S2 | 0.9855 |
| Daily Pivot Point S3 | 0.9806 |
| Daily Pivot Point R1 | 1.0069 |
| Daily Pivot Point R2 | 1.0117 |
| Daily Pivot Point R3 | 1.0200 |
[/s2If]
Join Our Telegram Group
