#EURUSD @ 1.10323 clinches new YTD peak before sparking a corrective decline. (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- EUR/USD clinches new YTD peak before sparking a corrective decline.
- The continuation of the uptrend could revisit the round level at 1.1100.
The pair currently trades last at 1.10323.
The previous day high was 1.1068 while the previous day low was 1.0977. The daily 38.2% Fib levels comes at 1.1033, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1011, expected to provide support.
EUR/USD deflates from earlier 2023 highs around 1.1075 at the end of the week.
Despite the knee-jerk, the pair’s outlook keeps favouring the continuation of the uptrend for the time being. Against that, the surpass of the YTD high at 1.1075 (April 14) could then dispute the round level at 1.1100 prior to the weekly high at 1.1184 (March 21 2022).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0368.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.1035 at the time of writing. Pair opened at 1.1047 and is trading with a change of -0.11 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.1035 |
| 1 | Today Daily Change | 57.0000 |
| 2 | Today Daily Change % | -0.1100 |
| 3 | Today daily open | 1.1047 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0861, 50 SMA 1.0739, 100 SMA @ 1.0704 and 200 SMA @ 1.0366.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0861 |
| 1 | Daily SMA50 | 1.0739 |
| 2 | Daily SMA100 | 1.0704 |
| 3 | Daily SMA200 | 1.0366 |
The previous day high was 1.1068 while the previous day low was 1.0977. The daily 38.2% Fib levels comes at 1.1033, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.1011, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0993, 1.0939, 1.0902
- Pivot resistance is noted at 1.1084, 1.1121, 1.1175
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1068 |
| Previous Daily Low | 1.0977 |
| Previous Weekly High | 1.0973 |
| Previous Weekly Low | 1.0788 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0516 |
| Daily Fibonacci 38.2% | 1.1033 |
| Daily Fibonacci 61.8% | 1.1011 |
| Daily Pivot Point S1 | 1.0993 |
| Daily Pivot Point S2 | 1.0939 |
| Daily Pivot Point S3 | 1.0902 |
| Daily Pivot Point R1 | 1.1084 |
| Daily Pivot Point R2 | 1.1121 |
| Daily Pivot Point R3 | 1.1175 |
[/s2If]
Join Our Telegram Group
