#EURUSD @ 1.07315 rebounds from multi-week lows near 1.0670. (Pivot Orderbook analysis)
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- EUR/USD rebounds from multi-week lows near 1.0670.
- The selling pressure could mitigate somewhat above 1.0830.
The pair currently trades last at 1.07315.
The previous day high was 1.0744 while the previous day low was 1.0706. The daily 38.2% Fib levels comes at 1.072, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0729, expected to provide support.
EUR/USD manages to regain some buying interest soon after bottoming out in new 10-week lows near 1.0670 on turnaround Tuesday.
The pair remains under heavy pressure despite the corrective bounce, although the selling mood could alleviate a tad on a convincing close above the weekly high of 1.0831 (May 22). Immediately to the upside, in the meantime, appears the transitory 100-day SMA at 1.0814.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0488.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0738 at the time of writing. Pair opened at 1.0708 and is trading with a change of 0.28 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0738 |
| 1 | Today Daily Change | 65.0000 |
| 2 | Today Daily Change % | 0.2800 |
| 3 | Today daily open | 1.0708 |
The pair is trading below its 20 Daily moving average @ 1.0873, below its 50 Daily moving average @ 1.0903 , below its 100 Daily moving average @ 1.0816 and above its 200 Daily moving average @ 1.0487
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0873 |
| 1 | Daily SMA50 | 1.0903 |
| 2 | Daily SMA100 | 1.0816 |
| 3 | Daily SMA200 | 1.0487 |
The previous day high was 1.0744 while the previous day low was 1.0706. The daily 38.2% Fib levels comes at 1.072, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0729, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0695, 1.0681, 1.0657
- Pivot resistance is noted at 1.0733, 1.0757, 1.0771
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0744 |
| Previous Daily Low | 1.0706 |
| Previous Weekly High | 1.0831 |
| Previous Weekly Low | 1.0702 |
| Previous Monthly High | 1.1095 |
| Previous Monthly Low | 1.0788 |
| Daily Fibonacci 38.2% | 1.0720 |
| Daily Fibonacci 61.8% | 1.0729 |
| Daily Pivot Point S1 | 1.0695 |
| Daily Pivot Point S2 | 1.0681 |
| Daily Pivot Point S3 | 1.0657 |
| Daily Pivot Point R1 | 1.0733 |
| Daily Pivot Point R2 | 1.0757 |
| Daily Pivot Point R3 | 1.0771 |
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