DXY clinches new multi-day highs past the 110.00 barrier. (Pivot Orderbook analysis)

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• DXY clinches new multi-day highs past the 110.00 barrier.
• Further advance could see the YTD top revisited near term.

The pair currently trades last at 110.17.

The previous day high was 109.92 while the previous day low was 109.41. The daily 38.2% Fib levels comes at 109.73, expected to provide support. Similarly, the daily 61.8% fib level is at 109.61, expected to provide support.

DXY adds to Thursday’s gains and keeps the trade in the upper end of the weekly range near the 110.00 neighbourhood.

Further short-term gains look likely in the index while above the 7-month support line near 106.40. That said, the surpass of the weekly high at 110.26 (September 16) should put the index en route to a probable visit to the YTD top at 110.78 (September 7).

In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 101.67.

Technical Levels: Supports and Resistances

EURUSD currently trading at 110.17 at the time of writing. Pair opened at 109.69 and is trading with a change of 0.44 % .

The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 109.19, 50 SMA 107.72, 100 SMA @ 105.73 and 200 SMA @ 101.62.

The previous day high was 109.92 while the previous day low was 109.41. The daily 38.2% Fib levels comes at 109.73, expected to provide support. Similarly, the daily 61.8% fib level is at 109.61, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 109.43, 109.17, 108.93
• Pivot resistance is noted at 109.94, 110.18, 110.44

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