DXY regains some poised following three daily pullbacks. (Pivot Orderbook analysis)
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- DXY regains some poised following three daily pullbacks.
- The 9-month support line appears around 109.00.
The pair currently trades last at 109.86.
The previous day high was 110.62 while the previous day low was 109.36. The daily 38.2% Fib levels comes at 109.84, expected to provide support. Similarly, the daily 61.8% fib level is at 110.14, expected to provide resistance.
DXY picks up some buying interest and briefly tests the area just beyond 110.00 the figure on Wednesday.
Further weakness in the dollar should not be ruled out despite the current bullish attempt. That said, the loss of the 9-month support near 109.00 carries the potential to magnify the decline and open the taps to extra retracement in the near term.
In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 104.66.
Technical Levels: Supports and Resistances
EURUSD currently trading at 109.86 at the time of writing. Pair opened at 109.63 and is trading with a change of 0.21 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 109.86 |
| 1 | Today Daily Change | 62.00 |
| 2 | Today Daily Change % | 0.21 |
| 3 | Today daily open | 109.63 |
The pair is trading below its 20 Daily moving average @ 111.49, below its 50 Daily moving average @ 111.37 , above its 100 Daily moving average @ 109.18 and above its 200 Daily moving average @ 104.85
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 111.49 |
| 1 | Daily SMA50 | 111.37 |
| 2 | Daily SMA100 | 109.18 |
| 3 | Daily SMA200 | 104.85 |
The previous day high was 110.62 while the previous day low was 109.36. The daily 38.2% Fib levels comes at 109.84, expected to provide support. Similarly, the daily 61.8% fib level is at 110.14, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 109.12, 108.61, 107.86
- Pivot resistance is noted at 110.38, 111.13, 111.64
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 110.62 |
| Previous Daily Low | 109.36 |
| Previous Weekly High | 113.15 |
| Previous Weekly Low | 110.42 |
| Previous Monthly High | 113.95 |
| Previous Monthly Low | 109.54 |
| Daily Fibonacci 38.2% | 109.84 |
| Daily Fibonacci 61.8% | 110.14 |
| Daily Pivot Point S1 | 109.12 |
| Daily Pivot Point S2 | 108.61 |
| Daily Pivot Point S3 | 107.86 |
| Daily Pivot Point R1 | 110.38 |
| Daily Pivot Point R2 | 111.13 |
| Daily Pivot Point R3 | 111.64 |
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