#EURUSD @ 1.08769 adds to Monday’s advance and flirts with 1.0900. (Pivot Orderbook analysis)
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- EUR/USD adds to Monday’s advance and flirts with 1.0900.
- If the rebound picks up pace, the pair should retarget the 1.1000 mark.
The pair currently trades last at 1.08769.
The previous day high was 1.0891 while the previous day low was 1.0845. The daily 38.2% Fib levels comes at 1.0873, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0863, expected to provide support.
EUR/USD manages to grab extra impulse and trades closer to the key barrier at 1.0900 on Tuesday.
The surpass of the 1.0900 region in a convincing fashion should prompt the pair to embark on a potential visit to the psychological 1.1000 hurdle. Further upside could see the 2023 peak at 1.1095 (April 26) revisited in the not-so-distant future.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0457.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0887 at the time of writing. Pair opened at 1.0874 and is trading with a change of 0.12 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0887 |
| 1 | Today Daily Change | 44.0000 |
| 2 | Today Daily Change % | 0.1200 |
| 3 | Today daily open | 1.0874 |
The pair is trading below its 20 Daily moving average @ 1.0983, above its 50 Daily moving average @ 1.0875 , above its 100 Daily moving average @ 1.0801 and above its 200 Daily moving average @ 1.0456
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0983 |
| 1 | Daily SMA50 | 1.0875 |
| 2 | Daily SMA100 | 1.0801 |
| 3 | Daily SMA200 | 1.0456 |
The previous day high was 1.0891 while the previous day low was 1.0845. The daily 38.2% Fib levels comes at 1.0873, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0863, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.085, 1.0825, 1.0804
- Pivot resistance is noted at 1.0895, 1.0916, 1.0941
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0891 |
| Previous Daily Low | 1.0845 |
| Previous Weekly High | 1.1054 |
| Previous Weekly Low | 1.0848 |
| Previous Monthly High | 1.1095 |
| Previous Monthly Low | 1.0788 |
| Daily Fibonacci 38.2% | 1.0873 |
| Daily Fibonacci 61.8% | 1.0863 |
| Daily Pivot Point S1 | 1.0850 |
| Daily Pivot Point S2 | 1.0825 |
| Daily Pivot Point S3 | 1.0804 |
| Daily Pivot Point R1 | 1.0895 |
| Daily Pivot Point R2 | 1.0916 |
| Daily Pivot Point R3 | 1.0941 |
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