#EURUSD @ 1.08978 regains the smile after two daily pullbacks in a row. (Pivot Orderbook analysis)
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- EUR/USD regains the smile after two daily pullbacks in a row.
- Another test of the 2023 high near 1.0930 appears likely.
The pair currently trades last at 1.08978.
The previous day high was 1.09 while the previous day low was 1.0838. The daily 38.2% Fib levels comes at 1.0862, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0877, expected to provide support.
EUR/USD picks up upside traction and reclaims the area beyond 1.0900 the figure on Monday.
Bets for further advance are seen rising while above the 2-month support line around the 1.0700 mark.
Indeed, the continuation of the uptrend now needs to rapidly clear the 2023 high at 1.0929 (January 26) to allow for a test of the weekly top at 1.0936 (April 21 2022). A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000 sooner rather than later.
In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0310.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0896 at the time of writing. Pair opened at 1.0865 and is trading with a change of 0.29 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0896 |
| 1 | Today Daily Change | 61.0000 |
| 2 | Today Daily Change % | 0.2900 |
| 3 | Today daily open | 1.0865 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.077, 50 SMA 1.0624, 100 SMA @ 1.0277 and 200 SMA @ 1.0312.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0770 |
| 1 | Daily SMA50 | 1.0624 |
| 2 | Daily SMA100 | 1.0277 |
| 3 | Daily SMA200 | 1.0312 |
The previous day high was 1.09 while the previous day low was 1.0838. The daily 38.2% Fib levels comes at 1.0862, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0877, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0835, 1.0805, 1.0773
- Pivot resistance is noted at 1.0898, 1.093, 1.096
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0900 |
| Previous Daily Low | 1.0838 |
| Previous Weekly High | 1.0930 |
| Previous Weekly Low | 1.0835 |
| Previous Monthly High | 1.0736 |
| Previous Monthly Low | 1.0393 |
| Daily Fibonacci 38.2% | 1.0862 |
| Daily Fibonacci 61.8% | 1.0877 |
| Daily Pivot Point S1 | 1.0835 |
| Daily Pivot Point S2 | 1.0805 |
| Daily Pivot Point S3 | 1.0773 |
| Daily Pivot Point R1 | 1.0898 |
| Daily Pivot Point R2 | 1.0930 |
| Daily Pivot Point R3 | 1.0960 |
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