#EURUSD @ 1.06342 comes under some selling pressure near 1.0650. (Pivot Orderbook analysis)
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- EUR/USD comes under some selling pressure near 1.0650.
- The pair’s bullish attempt falters once again ahead of 1.0700.
The pair currently trades last at 1.06342.
The previous day high was 1.0694 while the previous day low was 1.0622. The daily 38.2% Fib levels comes at 1.0667, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.065, expected to provide resistance.
EUR/USD triggered a corrective knee-jerk following another attempt to test/surpass the 1.0700 neighbourhood on Tuesday.
The resumption of the buying interest should encourage the pair to challenge and leave behind the 1.0700 region as well as the provisional 55-day SMA (1.0716) to allow for a potential visit to the weekly top at 1.0804 (February 14).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0326.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0649 at the time of writing. Pair opened at 1.0677 and is trading with a change of -0.26 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0649 |
| 1 | Today Daily Change | 47.0000 |
| 2 | Today Daily Change % | -0.2600 |
| 3 | Today daily open | 1.0677 |
The pair is trading below its 20 Daily moving average @ 1.0661, below its 50 Daily moving average @ 1.0728 , above its 100 Daily moving average @ 1.0504 and above its 200 Daily moving average @ 1.0328
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0661 |
| 1 | Daily SMA50 | 1.0728 |
| 2 | Daily SMA100 | 1.0504 |
| 3 | Daily SMA200 | 1.0328 |
The previous day high was 1.0694 while the previous day low was 1.0622. The daily 38.2% Fib levels comes at 1.0667, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.065, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0635, 1.0593, 1.0563
- Pivot resistance is noted at 1.0707, 1.0737, 1.0779
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0694 |
| Previous Daily Low | 1.0622 |
| Previous Weekly High | 1.0692 |
| Previous Weekly Low | 1.0533 |
| Previous Monthly High | 1.1033 |
| Previous Monthly Low | 1.0533 |
| Daily Fibonacci 38.2% | 1.0667 |
| Daily Fibonacci 61.8% | 1.0650 |
| Daily Pivot Point S1 | 1.0635 |
| Daily Pivot Point S2 | 1.0593 |
| Daily Pivot Point S3 | 1.0563 |
| Daily Pivot Point R1 | 1.0707 |
| Daily Pivot Point R2 | 1.0737 |
| Daily Pivot Point R3 | 1.0779 |
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