#EURUSD @ 1.10064 reclaims the area beyond the 1.1000 yardstick on Monday. (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER 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_level1)]
- EUR/USD reclaims the area beyond the 1.1000 yardstick on Monday.
- Extra upside appears on the cards with the target at the YTD top.
The pair currently trades last at 1.10064.
The previous day high was 1.0994 while the previous day low was 1.0938. The daily 38.2% Fib levels comes at 1.0972, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0959, expected to provide support.
EUR/USD extends the bullish mood north of the key 1.1000 barrier at the beginning of the week.
The pair looks poised to extend the recovery further in the near term at least. That said, the immediate hurdle is expected at the 2023 high at 1.1075 (April 14) seconded by the round level at 1.1100.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0395.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.1009 at the time of writing. Pair opened at 1.0986 and is trading with a change of 0.21 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.1009 |
| 1 | Today Daily Change | 55.0000 |
| 2 | Today Daily Change % | 0.2100 |
| 3 | Today daily open | 1.0986 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0921, 50 SMA 1.0767, 100 SMA @ 1.0736 and 200 SMA @ 1.0393.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0921 |
| 1 | Daily SMA50 | 1.0767 |
| 2 | Daily SMA100 | 1.0736 |
| 3 | Daily SMA200 | 1.0393 |
The previous day high was 1.0994 while the previous day low was 1.0938. The daily 38.2% Fib levels comes at 1.0972, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0959, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0952, 1.0917, 1.0896
- Pivot resistance is noted at 1.1007, 1.1028, 1.1063
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0994 |
| Previous Daily Low | 1.0938 |
| Previous Weekly High | 1.1000 |
| Previous Weekly Low | 1.0909 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0516 |
| Daily Fibonacci 38.2% | 1.0972 |
| Daily Fibonacci 61.8% | 1.0959 |
| Daily Pivot Point S1 | 1.0952 |
| Daily Pivot Point S2 | 1.0917 |
| Daily Pivot Point S3 | 1.0896 |
| Daily Pivot Point R1 | 1.1007 |
| Daily Pivot Point R2 | 1.1028 |
| Daily Pivot Point R3 | 1.1063 |
[/s2If]
Nehcap EA FIX download
The NEHCAP EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD, GBPAUD, EURAUD, EURCAD, CHFJPY and many more. The system is trading live: LIVE ACCOUNT TRACKING
Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
