#EURUSD @ 1.07461 adds to the weekly rebound north of 1.0700 (Pivot Orderbook analysis)
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- EUR/USD adds to the weekly rebound north of 1.0700
- Further gains could challenge the June top around 1.0780.
The pair currently trades last at 1.07461.
The previous day high was 1.074 while the previous day low was 1.0668. The daily 38.2% Fib levels comes at 1.0713, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0696, expected to provide support.
EUR/USD gathers further steam and flirts with daily highs above 1.0730 on Thursday.
A more serious bullish attempt is expected to dispute the so far monthly high at 1.0779 (June 2). The selling pressure is seen mitigating somewhat once this level is cleared and could encourage the pair to test the round level at 1.0800 just ahead of the interim 100-day SMA, today at 1.0807.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0514.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.073 at the time of writing. Pair opened at 1.0699 and is trading with a change of 0.29 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0730 |
| 1 | Today Daily Change | 41.0000 |
| 2 | Today Daily Change % | 0.2900 |
| 3 | Today daily open | 1.0699 |
The pair is trading below its 20 Daily moving average @ 1.077, below its 50 Daily moving average @ 1.0889 , below its 100 Daily moving average @ 1.081 and above its 200 Daily moving average @ 1.0512
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0770 |
| 1 | Daily SMA50 | 1.0889 |
| 2 | Daily SMA100 | 1.0810 |
| 3 | Daily SMA200 | 1.0512 |
The previous day high was 1.074 while the previous day low was 1.0668. The daily 38.2% Fib levels comes at 1.0713, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0696, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0665, 1.0631, 1.0593
- Pivot resistance is noted at 1.0736, 1.0774, 1.0808
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0740 |
| Previous Daily Low | 1.0668 |
| Previous Weekly High | 1.0779 |
| Previous Weekly Low | 1.0635 |
| Previous Monthly High | 1.1092 |
| Previous Monthly Low | 1.0635 |
| Daily Fibonacci 38.2% | 1.0713 |
| Daily Fibonacci 61.8% | 1.0696 |
| Daily Pivot Point S1 | 1.0665 |
| Daily Pivot Point S2 | 1.0631 |
| Daily Pivot Point S3 | 1.0593 |
| Daily Pivot Point R1 | 1.0736 |
| Daily Pivot Point R2 | 1.0774 |
| Daily Pivot Point R3 | 1.0808 |
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