#EURUSD @ 1.05752 manages to regain some poise and revisits 1.0580. (Pivot Orderbook analysis)
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- EUR/USD manages to regain some poise and revisits 1.0580.
- Further losses could see the YTD low near 1.0480 retested.
The pair currently trades last at 1.05752.
The previous day high was 1.0574 while the previous day low was 1.0524. The daily 38.2% Fib levels comes at 1.0543, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0555, expected to provide support.
EUR/USD regains some buying interest and advances to the 1.0580/85 band following two daily drops in a row.
The continuation of the downtrend seems favoured for the time being. Against that, the pair could dispute the 2023 low at 1.0481 (January 6) once the March low at 1.0524 (March 8) is cleared. Further losses are expected to retest the minor support at 1.0443 (weekly low December 7 2022).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0324.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0574 at the time of writing. Pair opened at 1.0548 and is trading with a change of 0.25 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0574 |
| 1 | Today Daily Change | 45.0000 |
| 2 | Today Daily Change % | 0.2500 |
| 3 | Today daily open | 1.0548 |
The pair is trading below its 20 Daily moving average @ 1.0644, below its 50 Daily moving average @ 1.0725 , above its 100 Daily moving average @ 1.0519 and above its 200 Daily moving average @ 1.0327
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0644 |
| 1 | Daily SMA50 | 1.0725 |
| 2 | Daily SMA100 | 1.0519 |
| 3 | Daily SMA200 | 1.0327 |
The previous day high was 1.0574 while the previous day low was 1.0524. The daily 38.2% Fib levels comes at 1.0543, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0555, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0523, 1.0499, 1.0474
- Pivot resistance is noted at 1.0573, 1.0598, 1.0622
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0574 |
| Previous Daily Low | 1.0524 |
| Previous Weekly High | 1.0692 |
| Previous Weekly Low | 1.0533 |
| Previous Monthly High | 1.1033 |
| Previous Monthly Low | 1.0533 |
| Daily Fibonacci 38.2% | 1.0543 |
| Daily Fibonacci 61.8% | 1.0555 |
| Daily Pivot Point S1 | 1.0523 |
| Daily Pivot Point S2 | 1.0499 |
| Daily Pivot Point S3 | 1.0474 |
| Daily Pivot Point R1 | 1.0573 |
| Daily Pivot Point R2 | 1.0598 |
| Daily Pivot Point R3 | 1.0622 |
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