#EURUSD @ 1.09361 resumes the upside following the post-ECB sell-off. (Pivot Orderbook analysis)
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- EUR/USD resumes the upside following the post-ECB sell-off.
- The surpass of 1.1030 exposes a move to 1.1100.
The pair currently trades last at 1.09361.
The previous day high was 1.1033 while the previous day low was 1.0885. The daily 38.2% Fib levels comes at 1.0942, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0977, expected to provide resistance.
EUR/USD reverses the recent pessimism and embarks on a recovery north of the 1.0900 hurdle on Friday.
A move beyond the so far 2023 high at 1.1032 (February 2) should retarget the round level at 1.1100 prior to the weekly peak at 1.1184 (March 31 2022).
In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0317.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0931 at the time of writing. Pair opened at 1.0914 and is trading with a change of 0.16 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0931 |
| 1 | Today Daily Change | 56.0000 |
| 2 | Today Daily Change % | 0.1600 |
| 3 | Today daily open | 1.0914 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0834, 50 SMA 1.0669, 100 SMA @ 1.0313 and 200 SMA @ 1.0318.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0834 |
| 1 | Daily SMA50 | 1.0669 |
| 2 | Daily SMA100 | 1.0313 |
| 3 | Daily SMA200 | 1.0318 |
The previous day high was 1.1033 while the previous day low was 1.0885. The daily 38.2% Fib levels comes at 1.0942, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0977, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0855, 1.0796, 1.0707
- Pivot resistance is noted at 1.1003, 1.1092, 1.1151
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1033 |
| Previous Daily Low | 1.0885 |
| Previous Weekly High | 1.0930 |
| Previous Weekly Low | 1.0835 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0483 |
| Daily Fibonacci 38.2% | 1.0942 |
| Daily Fibonacci 61.8% | 1.0977 |
| Daily Pivot Point S1 | 1.0855 |
| Daily Pivot Point S2 | 1.0796 |
| Daily Pivot Point S3 | 1.0707 |
| Daily Pivot Point R1 | 1.1003 |
| Daily Pivot Point R2 | 1.1092 |
| Daily Pivot Point R3 | 1.1151 |
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