#EURUSD @ 1.07953 extends the upside bias and reaches the 1.0800 barrier. (Pivot Orderbook analysis)
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- EUR/USD extends the upside bias and reaches the 1.0800 barrier.
- A close above the latter should allow for extra gains.
The pair currently trades last at 1.07953.
The previous day high was 1.0789 while the previous day low was 1.0704. The daily 38.2% Fib levels comes at 1.0756, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0736, expected to provide support.
EUR/USD advances to new multi-week highs around the 1.0800 hurdle on Wednesday.
The continuation of the strong uptrend could now see the weekly high at 1.0804 (February 14) revisited shortly, while the surpass of this level in a convincing fashion should face the next obstacle not before the 2023 peak at 1.1032 (February 2).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0329.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0787 at the time of writing. Pair opened at 1.0768 and is trading with a change of 0.18 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0787 |
| 1 | Today Daily Change | 42.0000 |
| 2 | Today Daily Change % | 0.1800 |
| 3 | Today daily open | 1.0768 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0632, 50 SMA 1.0729, 100 SMA @ 1.0586 and 200 SMA @ 1.0329.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0632 |
| 1 | Daily SMA50 | 1.0729 |
| 2 | Daily SMA100 | 1.0586 |
| 3 | Daily SMA200 | 1.0329 |
The previous day high was 1.0789 while the previous day low was 1.0704. The daily 38.2% Fib levels comes at 1.0756, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0736, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0718, 1.0669, 1.0634
- Pivot resistance is noted at 1.0803, 1.0838, 1.0887
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0789 |
| Previous Daily Low | 1.0704 |
| Previous Weekly High | 1.0760 |
| Previous Weekly Low | 1.0516 |
| Previous Monthly High | 1.1033 |
| Previous Monthly Low | 1.0533 |
| Daily Fibonacci 38.2% | 1.0756 |
| Daily Fibonacci 61.8% | 1.0736 |
| Daily Pivot Point S1 | 1.0718 |
| Daily Pivot Point S2 | 1.0669 |
| Daily Pivot Point S3 | 1.0634 |
| Daily Pivot Point R1 | 1.0803 |
| Daily Pivot Point R2 | 1.0838 |
| Daily Pivot Point R3 | 1.0887 |
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