#EURUSD @ 1.08278 rebounds from earlier lows near 1.0770 on Wednesday. (Pivot Orderbook analysis)
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- EUR/USD rebounds from earlier lows near 1.0770 on Wednesday.
- The next up barrier of note remains at the YTD high at 1.0874.
The pair currently trades last at 1.08278.
The previous day high was 1.0869 while the previous day low was 1.0774. The daily 38.2% Fib levels comes at 1.0811, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0833, expected to provide resistance.
EUR/USD reverses three consecutive daily pullbacks and regains the 1.0800 hurdle and beyond midweek.
It seems the pair is moving within a range bound theme ahead of the potential resumption of the uptrend. Against that, the immediate resistance level comes at the so far YTD high at 1.0874 (January 16), which once cleared it could lead up to a probable visit to the round level at 1.0900 in the relatively short-term horizon.
Furthermore, while above the short-term support line near 1.0600, extra gains should remain in store.
In the longer run, the constructive view remains unchanged while above the 200-day SMA at 1.0307.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0814 at the time of writing. Pair opened at 1.0794 and is trading with a change of 0.19 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0814 |
| 1 | Today Daily Change | 105.0000 |
| 2 | Today Daily Change % | 0.1900 |
| 3 | Today daily open | 1.0794 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0678, 50 SMA 1.0533, 100 SMA @ 1.0206 and 200 SMA @ 1.031.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0678 |
| 1 | Daily SMA50 | 1.0533 |
| 2 | Daily SMA100 | 1.0206 |
| 3 | Daily SMA200 | 1.0310 |
The previous day high was 1.0869 while the previous day low was 1.0774. The daily 38.2% Fib levels comes at 1.0811, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0833, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0756, 1.0718, 1.0661
- Pivot resistance is noted at 1.0851, 1.0908, 1.0946
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0869 |
| Previous Daily Low | 1.0774 |
| Previous Weekly High | 1.0868 |
| Previous Weekly Low | 1.0639 |
| Previous Monthly High | 1.0736 |
| Previous Monthly Low | 1.0393 |
| Daily Fibonacci 38.2% | 1.0811 |
| Daily Fibonacci 61.8% | 1.0833 |
| Daily Pivot Point S1 | 1.0756 |
| Daily Pivot Point S2 | 1.0718 |
| Daily Pivot Point S3 | 1.0661 |
| Daily Pivot Point R1 | 1.0851 |
| Daily Pivot Point R2 | 1.0908 |
| Daily Pivot Point R3 | 1.0946 |
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