#EURUSD @ 1.09697 leaves behind two sessions in a row with losses on Tuesday. (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 leaves behind two sessions in a row with losses on Tuesday.
- Extra gains are expected to retarget the key 1.1000 mark in the near term.
The pair currently trades last at 1.09697.
The previous day high was 1.1 while the previous day low was 1.0909. The daily 38.2% Fib levels comes at 1.0944, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0965, expected to provide support.
EUR/USD manages to regain upside traction and approaches the key 1.1000 region on turnaround Tuesday.
If the rebound gathers extra impulse, then the pair could embark on a potential test of the 1.1000 mark ahead of the 2023 high at 1.1075 (April 14).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0377
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0978 at the time of writing. Pair opened at 1.0925 and is trading with a change of 0.49 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0978 |
| 1 | Today Daily Change | 62.0000 |
| 2 | Today Daily Change % | 0.4900 |
| 3 | Today daily open | 1.0925 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0888, 50 SMA 1.0747, 100 SMA @ 1.0716 and 200 SMA @ 1.0375.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0888 |
| 1 | Daily SMA50 | 1.0747 |
| 2 | Daily SMA100 | 1.0716 |
| 3 | Daily SMA200 | 1.0375 |
The previous day high was 1.1 while the previous day low was 1.0909. The daily 38.2% Fib levels comes at 1.0944, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0965, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.089, 1.0854, 1.0799
- Pivot resistance is noted at 1.098, 1.1035, 1.1071
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1000 |
| Previous Daily Low | 1.0909 |
| Previous Weekly High | 1.1076 |
| Previous Weekly Low | 1.0837 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0516 |
| Daily Fibonacci 38.2% | 1.0944 |
| Daily Fibonacci 61.8% | 1.0965 |
| Daily Pivot Point S1 | 1.0890 |
| Daily Pivot Point S2 | 1.0854 |
| Daily Pivot Point S3 | 1.0799 |
| Daily Pivot Point R1 | 1.0980 |
| Daily Pivot Point R2 | 1.1035 |
| Daily Pivot Point R3 | 1.1071 |
[/s2If]
Join Our Telegram Group
