#EURUSD @ 1.10376 extends Friday’s upside momentum to 1.1050. (Pivot Orderbook analysis)
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- EUR/USD extends Friday’s upside momentum to 1.1050.
- Further strength could see the YTD high near 1.1100 revisited.
The pair currently trades last at 1.10376.
The previous day high was 1.1048 while the previous day low was 1.0967. The daily 38.2% Fib levels comes at 1.1017, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0998, expected to provide support.
EUR/USD maintains the bid bias well in place and revisits the mid-1.1000s at the beginning of the week.
Further recovery appears on the table for the time being. The surpass of with the 2023 peak at 1.1095 (April 26) should encourage the pair to rapidly leave behind the round level at 1.1100 before embarking on a potential visit 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 1.0436.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.105 at the time of writing. Pair opened at 1.102 and is trading with a change of 0.27 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.105 |
| 1 | Today Daily Change | 39.000 |
| 2 | Today Daily Change % | 0.270 |
| 3 | Today daily open | 1.102 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.0989, 50 SMA 1.0839, 100 SMA @ 1.0782 and 200 SMA @ 1.0434.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0989 |
| 1 | Daily SMA50 | 1.0839 |
| 2 | Daily SMA100 | 1.0782 |
| 3 | Daily SMA200 | 1.0434 |
The previous day high was 1.1048 while the previous day low was 1.0967. The daily 38.2% Fib levels comes at 1.1017, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0998, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0975, 1.0931, 1.0894
- Pivot resistance is noted at 1.1056, 1.1093, 1.1137
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.1048 |
| Previous Daily Low | 1.0967 |
| Previous Weekly High | 1.1092 |
| Previous Weekly Low | 1.0942 |
| Previous Monthly High | 1.1095 |
| Previous Monthly Low | 1.0788 |
| Daily Fibonacci 38.2% | 1.1017 |
| Daily Fibonacci 61.8% | 1.0998 |
| Daily Pivot Point S1 | 1.0975 |
| Daily Pivot Point S2 | 1.0931 |
| Daily Pivot Point S3 | 1.0894 |
| Daily Pivot Point R1 | 1.1056 |
| Daily Pivot Point R2 | 1.1093 |
| Daily Pivot Point R3 | 1.1137 |
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