#EURUSD @ 1.04386 climbs to multi-month highs near 1.0500. (Pivot Orderbook analysis)
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- EUR/USD climbs to multi-month highs near 1.0500.
- Extra gains look likely beyond the 1.0500 hurdle.
The pair currently trades last at 1.04386.
The previous day high was 1.0429 while the previous day low was 1.0355. The daily 38.2% Fib levels comes at 1.0383, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0401, expected to provide support.
EUR/USD picks up extra upside traction and pokes with the key barrier at 1.0500 the figure on Monday.
Once 1.0500 is cleared, the pair is expected to refocus on the weekly peak at 1.0614 (June 27) ahead of the June top at 1.0773 (June 9) and the May high at 1.0786 (May 30).
Above the 200-day SMA (1.0382), the pair’s outlook should remain constructive.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0449 at the time of writing. Pair opened at 1.0409 and is trading with a change of 0.38 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0449 |
| 1 | Today Daily Change | 155.0000 |
| 2 | Today Daily Change % | 0.3800 |
| 3 | Today daily open | 1.0409 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0175, 50 SMA 0.9964, 100 SMA @ 1.0031 and 200 SMA @ 1.0389.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0175 |
| 1 | Daily SMA50 | 0.9964 |
| 2 | Daily SMA100 | 1.0031 |
| 3 | Daily SMA200 | 1.0389 |
The previous day high was 1.0429 while the previous day low was 1.0355. The daily 38.2% Fib levels comes at 1.0383, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0401, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0366, 1.0323, 1.0292
- Pivot resistance is noted at 1.0441, 1.0472, 1.0515
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0429 |
| Previous Daily Low | 1.0355 |
| Previous Weekly High | 1.0449 |
| Previous Weekly Low | 1.0223 |
| Previous Monthly High | 1.0094 |
| Previous Monthly Low | 0.9632 |
| Daily Fibonacci 38.2% | 1.0383 |
| Daily Fibonacci 61.8% | 1.0401 |
| Daily Pivot Point S1 | 1.0366 |
| Daily Pivot Point S2 | 1.0323 |
| Daily Pivot Point S3 | 1.0292 |
| Daily Pivot Point R1 | 1.0441 |
| Daily Pivot Point R2 | 1.0472 |
| Daily Pivot Point R3 | 1.0515 |
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