#EURUSD @ 1.04971 extends the bearish note sparked on Thursday. (Pivot Orderbook analysis)
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- EUR/USD extends the bearish note sparked on Thursday.
- A deeper pullback could see the weekly low at 1.0443 revisited.
The pair currently trades last at 1.04971.
The previous day high was 1.0632 while the previous day low was 1.0515. The daily 38.2% Fib levels comes at 1.056, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0587, expected to provide resistance.
EUR/USD accelerates its losses and drops to multi-week lows south of the key 1.0500 barrier on Friday.
If sellers push harder, then the pair could extend the decline to, initially, the weekly low at 1.0443 (December 7) prior to the 55-day SMA at 1.0365.
In the meantime, further gains remain in store for the pair while above the 200-day SMA at 1.0311.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0495 at the time of writing. Pair opened at 1.052 and is trading with a change of -0.24 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0495 |
| 1 | Today Daily Change | 51.0000 |
| 2 | Today Daily Change % | -0.2400 |
| 3 | Today daily open | 1.0520 |
The pair is trading below its 20 Daily moving average @ 1.0611, above its 50 Daily moving average @ 1.0396 , above its 100 Daily moving average @ 1.0144 and above its 200 Daily moving average @ 1.0316
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0611 |
| 1 | Daily SMA50 | 1.0396 |
| 2 | Daily SMA100 | 1.0144 |
| 3 | Daily SMA200 | 1.0316 |
The previous day high was 1.0632 while the previous day low was 1.0515. The daily 38.2% Fib levels comes at 1.056, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0587, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.048, 1.0439, 1.0363
- Pivot resistance is noted at 1.0596, 1.0672, 1.0712
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0632 |
| Previous Daily Low | 1.0515 |
| Previous Weekly High | 1.0713 |
| Previous Weekly Low | 1.0607 |
| Previous Monthly High | 1.0736 |
| Previous Monthly Low | 1.0393 |
| Daily Fibonacci 38.2% | 1.0560 |
| Daily Fibonacci 61.8% | 1.0587 |
| Daily Pivot Point S1 | 1.0480 |
| Daily Pivot Point S2 | 1.0439 |
| Daily Pivot Point S3 | 1.0363 |
| Daily Pivot Point R1 | 1.0596 |
| Daily Pivot Point R2 | 1.0672 |
| Daily Pivot Point R3 | 1.0712 |
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