DXY picks up extra upside traction and flirts with 111.00. (Pivot Orderbook analysis)

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• DXY picks up extra upside traction and flirts with 111.00.
• The 55-day SMA emerges as the next target near 111.10.

The pair currently trades last at 110.85.

The previous day high was 110.65 while the previous day low was 109.45. The daily 38.2% Fib levels comes at 110.19, expected to provide support. Similarly, the daily 61.8% fib level is at 109.91, expected to provide support.

DXY adds to Wednesday’s buying interest and trades just pips away from the key 111.00 mark on Thursday.

Extra recovery now faces the immediate hurdle at the interim 55-day SMA at 111.08. If the index manages to leave behind this level, then the next target of relevance is expected at the so far November top at 113.14 (November 3).

In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 104.74.

Technical Levels: Supports and Resistances

EURUSD currently trading at 110.85 at the time of writing. Pair opened at 110.44 and is trading with a change of 0.37 % .

The pair is trading below its 20 Daily moving average @ 111.35, below its 50 Daily moving average @ 111.37 , above its 100 Daily moving average @ 109.25 and above its 200 Daily moving average @ 104.92

The previous day high was 110.65 while the previous day low was 109.45. The daily 38.2% Fib levels comes at 110.19, expected to provide support. Similarly, the daily 61.8% fib level is at 109.91, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 109.71, 108.98, 108.51
• Pivot resistance is noted at 110.91, 111.37, 112.1

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