EURUSD accelerates the upside to the boundaries of 1.0300. (Pivot Orderbook analysis)
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- EURUSD accelerates the upside to the boundaries of 1.0300.
- The August top at 1.0368 emerges as the next target.
The pair currently trades last at 1.0292.
The previous day high was 1.0197 while the previous day low was 0.9936. The daily 38.2% Fib levels comes at 1.0097, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0036, expected to provide support.
EURUSD adds to Thursday’s strong advance and flirts with the key barrier at the 1.0300 neighbourhood at the end of the week.
The continuation of the recovery looks the most likely scenario in the very near term. Against that, further upside could motivate the pair to challenge the August high at 1.0368 (August 10) ahead of the always relevant 200-day SMA, today at 1.0437.
In the longer run, the pair’s bearish view should remain unaltered while below the latter.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0292 at the time of writing. Pair opened at 1.0197 and is trading with a change of 0.93 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0292 |
| 1 | Today Daily Change | 133.0000 |
| 2 | Today Daily Change % | 0.9300 |
| 3 | Today daily open | 1.0197 |
The pair is trading above its 20 Daily moving average @ 0.9914, above its 50 Daily moving average @ 0.9885 , above its 100 Daily moving average @ 1.0034 and below its 200 Daily moving average @ 1.0446
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9914 |
| 1 | Daily SMA50 | 0.9885 |
| 2 | Daily SMA100 | 1.0034 |
| 3 | Daily SMA200 | 1.0446 |
The previous day high was 1.0197 while the previous day low was 0.9936. The daily 38.2% Fib levels comes at 1.0097, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0036, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0023, 0.9848, 0.9761
- Pivot resistance is noted at 1.0284, 1.0372, 1.0546
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0197 |
| Previous Daily Low | 0.9936 |
| Previous Weekly High | 0.9976 |
| Previous Weekly Low | 0.9730 |
| Previous Monthly High | 1.0094 |
| Previous Monthly Low | 0.9632 |
| Daily Fibonacci 38.2% | 1.0097 |
| Daily Fibonacci 61.8% | 1.0036 |
| Daily Pivot Point S1 | 1.0023 |
| Daily Pivot Point S2 | 0.9848 |
| Daily Pivot Point S3 | 0.9761 |
| Daily Pivot Point R1 | 1.0284 |
| Daily Pivot Point R2 | 1.0372 |
| Daily Pivot Point R3 | 1.0546 |
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