DXY keeps navigating in the upper end of the range just below 110.00. (Pivot Orderbook analysis)
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- DXY keeps navigating in the upper end of the range just below 110.00.
- Further upside could well see the YTD peak past 110.00 revisited.
The pair currently trades last at 109.61.
The previous day high was 110.27 while the previous day low was 109.71. The daily 38.2% Fib levels comes at 109.93, expected to provide resistance. Similarly, the daily 61.8% fib level is at 110.06, expected to provide resistance.
DXY trades with modest gains in the 109.70/80 band on Tuesday.
The short-term bullish view in the dollar remains well in place for the time being and propped up by the 7-month support line, today around 105.80.
Still on the upside, the surpass of the recent top at 110.27 (September 5) could face the next barrier at the weekly highs at 111.90 (June 6 2002) and 113.35 (May 24 2002).
Looking at the long-term scenario, the bullish view in the dollar remains in place while above the 200-day SMA at 101.13.
However, the current overbought conditions of the index could trigger some corrective downside, which should be seen as a buying opportunity.
Technical Levels: Supports and Resistances
EURUSD currently trading at 109.61 at the time of writing. Pair opened at 109.81 and is trading with a change of -0.18 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 109.61 |
| 1 | Today Daily Change | 46.00 |
| 2 | Today Daily Change % | -0.18 |
| 3 | Today daily open | 109.81 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 107.81, 50 SMA 107.0, 100 SMA @ 105.02 and 200 SMA @ 101.02.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 107.81 |
| 1 | Daily SMA50 | 107.00 |
| 2 | Daily SMA100 | 105.02 |
| 3 | Daily SMA200 | 101.02 |
The previous day high was 110.27 while the previous day low was 109.71. The daily 38.2% Fib levels comes at 109.93, expected to provide resistance. Similarly, the daily 61.8% fib level is at 110.06, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 109.59, 109.37, 109.03
- Pivot resistance is noted at 110.15, 110.49, 110.71
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 110.27 |
| Previous Daily Low | 109.71 |
| Previous Weekly High | 110.00 |
| Previous Weekly Low | 108.27 |
| Previous Monthly High | 109.48 |
| Previous Monthly Low | 104.64 |
| Daily Fibonacci 38.2% | 109.93 |
| Daily Fibonacci 61.8% | 110.06 |
| Daily Pivot Point S1 | 109.59 |
| Daily Pivot Point S2 | 109.37 |
| Daily Pivot Point S3 | 109.03 |
| Daily Pivot Point R1 | 110.15 |
| Daily Pivot Point R2 | 110.49 |
| Daily Pivot Point R3 | 110.71 |
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