#EURUSD @ 1.08887 accelerates the decline and drops to 1.0890. (Pivot Orderbook analysis)
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- EUR/USD accelerates the decline and drops to 1.0890.
- The following contention area appears around 1.0830.
The pair currently trades last at 1.08887.
The previous day high was 1.0998 while the previous day low was 1.09. The daily 38.2% Fib levels comes at 1.0938, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0961, expected to provide resistance.
The pessimism around EUR/USD gathers further traction in the second half of the week and drags the pair back to the 1.0890 region, or multi-week lows, on Friday.
If bears remain in control, spot could initially revisit the interim 55-day SMA at 1.0847 ahead of the weekly low at 1.0831 (April 10).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0451.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0904 at the time of writing. Pair opened at 1.0916 and is trading with a change of -0.11 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0904 |
| 1 | Today Daily Change | 43.0000 |
| 2 | Today Daily Change % | -0.1100 |
| 3 | Today daily open | 1.0916 |
The pair is trading below its 20 Daily moving average @ 1.0992, above its 50 Daily moving average @ 1.0867 , above its 100 Daily moving average @ 1.0797 and above its 200 Daily moving average @ 1.0449
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0992 |
| 1 | Daily SMA50 | 1.0867 |
| 2 | Daily SMA100 | 1.0797 |
| 3 | Daily SMA200 | 1.0449 |
The previous day high was 1.0998 while the previous day low was 1.09. The daily 38.2% Fib levels comes at 1.0938, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0961, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0878, 1.084, 1.078
- Pivot resistance is noted at 1.0976, 1.1036, 1.1074
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0998 |
| Previous Daily Low | 1.0900 |
| Previous Weekly High | 1.1092 |
| Previous Weekly Low | 1.0942 |
| Previous Monthly High | 1.1095 |
| Previous Monthly Low | 1.0788 |
| Daily Fibonacci 38.2% | 1.0938 |
| Daily Fibonacci 61.8% | 1.0961 |
| Daily Pivot Point S1 | 1.0878 |
| Daily Pivot Point S2 | 1.0840 |
| Daily Pivot Point S3 | 1.0780 |
| Daily Pivot Point R1 | 1.0976 |
| Daily Pivot Point R2 | 1.1036 |
| Daily Pivot Point R3 | 1.1074 |
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