DXY remains offered and probes the sub-108.00 region. (Pivot Orderbook analysis)
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- DXY remains offered and probes the sub-108.00 region.
- If the index accelerates its losses, it could retest the 107.60/55 band.
The pair currently trades last at 108.14.
The previous day high was 108.98 while the previous day low was 108.98. The daily 38.2% Fib levels comes at 108.98, expected to provide resistance. Similarly, the daily 61.8% fib level is at 108.98, expected to provide resistance.
DXY starts the week on the negative foot and briefly drops to multi-week lows in the sub-108.00 region.
Despite the ongoing weakness around the dollar, its short-term bullish view remains in place as long as it trades above the 7-month support line around 106.10.
If sellers push harder, then a potential test of the weekly low at 107.58 (August 26) could start emerging on the horizon just ahead of the interim 55-day SMA at 107.25.
Looking at the long-term scenario, the constructive view in DXY remains unchanged while above the 200-day SMA at 101.39.
Technical Levels: Supports and Resistances
EURUSD currently trading at 108.14 at the time of writing. Pair opened at 108.98 and is trading with a change of -0.77 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 108.14 |
| 1 | Today Daily Change | 105.00 |
| 2 | Today Daily Change % | -0.77 |
| 3 | Today daily open | 108.98 |
The pair is trading below its 20 Daily moving average @ 108.74, above its 50 Daily moving average @ 107.48 , above its 100 Daily moving average @ 105.46 and above its 200 Daily moving average @ 101.35
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 108.74 |
| 1 | Daily SMA50 | 107.48 |
| 2 | Daily SMA100 | 105.46 |
| 3 | Daily SMA200 | 101.35 |
The previous day high was 108.98 while the previous day low was 108.98. The daily 38.2% Fib levels comes at 108.98, expected to provide resistance. Similarly, the daily 61.8% fib level is at 108.98, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 108.98, 108.98, 108.98
- Pivot resistance is noted at 108.98, 108.98, 108.98
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 108.98 |
| Previous Daily Low | 108.98 |
| Previous Weekly High | 110.79 |
| Previous Weekly Low | 108.36 |
| Previous Monthly High | 109.48 |
| Previous Monthly Low | 104.64 |
| Daily Fibonacci 38.2% | 108.98 |
| Daily Fibonacci 61.8% | 108.98 |
| Daily Pivot Point S1 | 108.98 |
| Daily Pivot Point S2 | 108.98 |
| Daily Pivot Point S3 | 108.98 |
| Daily Pivot Point R1 | 108.98 |
| Daily Pivot Point R2 | 108.98 |
| Daily Pivot Point R3 | 108.98 |
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