#EURUSD @ 1.05399 ’s upside momentum faltered once again around 1.0630. (Pivot Orderbook analysis)
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- EUR/USD’s upside momentum faltered once again around 1.0630.
- The breakout of that resistance could lead up to a test of 1.0713.
The pair currently trades last at 1.05399.
The previous day high was 1.0636 while the previous day low was 1.0541. The daily 38.2% Fib levels comes at 1.0599, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0577, expected to provide resistance.
EUR/USD gives away initial gains and sinks in the red territory well south of the 1.0600 support on Thursday.
Subsequent bullish attempts need to clear the short-term top in the 1.0630/35 band (January 4,5) to allow for a potential visit to the weekly top at 1.0713 (December 30). Once cleared, the pair could then confront the December 2022 peak at 1.0736 (December 15).
The constructive outlook for EUR/USD should remain unchanged while above the key 200-day SMA, today at 1.0314.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.055 at the time of writing. Pair opened at 1.0603 and is trading with a change of -0.5 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0550 |
| 1 | Today Daily Change | 89.0000 |
| 2 | Today Daily Change % | -0.5000 |
| 3 | Today daily open | 1.0603 |
The pair is trading below its 20 Daily moving average @ 1.0612, above its 50 Daily moving average @ 1.0385 , above its 100 Daily moving average @ 1.0139 and above its 200 Daily moving average @ 1.0318
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0612 |
| 1 | Daily SMA50 | 1.0385 |
| 2 | Daily SMA100 | 1.0139 |
| 3 | Daily SMA200 | 1.0318 |
The previous day high was 1.0636 while the previous day low was 1.0541. The daily 38.2% Fib levels comes at 1.0599, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0577, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0551, 1.0499, 1.0456
- Pivot resistance is noted at 1.0646, 1.0688, 1.074
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0636 |
| Previous Daily Low | 1.0541 |
| Previous Weekly High | 1.0713 |
| Previous Weekly Low | 1.0607 |
| Previous Monthly High | 1.0736 |
| Previous Monthly Low | 1.0393 |
| Daily Fibonacci 38.2% | 1.0599 |
| Daily Fibonacci 61.8% | 1.0577 |
| Daily Pivot Point S1 | 1.0551 |
| Daily Pivot Point S2 | 1.0499 |
| Daily Pivot Point S3 | 1.0456 |
| Daily Pivot Point R1 | 1.0646 |
| Daily Pivot Point R2 | 1.0688 |
| Daily Pivot Point R3 | 1.0740 |
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