DXY faces some downside pressure and recedes from 108.00. (Pivot Orderbook analysis)
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- DXY faces some downside pressure and recedes from 108.00.
- The index could accelerate gains once 108.00 is cleared.
The pair currently trades last at 107.38.
The previous day high was 108.0 while the previous day low was 106.88. The daily 38.2% Fib levels comes at 107.57, expected to provide resistance. Similarly, the daily 61.8% fib level is at 107.31, expected to provide support.
DXY gives away part of the recent 3-day positive streak and revisits the 107.30 region on Tuesday.
Ideally, the index should leave behind recent highs near 108.00 to allow for the continuation of the rebound to, initially, the 100-day SMA, today at 109.19, prior to the resistance line around 109.70.
While above the key 200-day SMA at 105.17, the outlook for the index should remain constructive. This region is also reinforced by the November low at 105.34 (November 15).
Technical Levels: Supports and Resistances
EURUSD currently trading at 107.38 at the time of writing. Pair opened at 107.81 and is trading with a change of -0.4 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 107.38 |
| 1 | Today Daily Change | 47.00 |
| 2 | Today Daily Change % | -0.40 |
| 3 | Today daily open | 107.81 |
The pair is trading below its 20 Daily moving average @ 108.53, below its 50 Daily moving average @ 110.71 , below its 100 Daily moving average @ 109.31 and above its 200 Daily moving average @ 105.58
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 108.53 |
| 1 | Daily SMA50 | 110.71 |
| 2 | Daily SMA100 | 109.31 |
| 3 | Daily SMA200 | 105.58 |
The previous day high was 108.0 while the previous day low was 106.88. The daily 38.2% Fib levels comes at 107.57, expected to provide resistance. Similarly, the daily 61.8% fib level is at 107.31, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 107.13, 106.45, 106.02
- Pivot resistance is noted at 108.25, 108.68, 109.36
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 108.00 |
| Previous Daily Low | 106.88 |
| Previous Weekly High | 107.27 |
| Previous Weekly Low | 105.32 |
| Previous Monthly High | 113.95 |
| Previous Monthly Low | 109.54 |
| Daily Fibonacci 38.2% | 107.57 |
| Daily Fibonacci 61.8% | 107.31 |
| Daily Pivot Point S1 | 107.13 |
| Daily Pivot Point S2 | 106.45 |
| Daily Pivot Point S3 | 106.02 |
| Daily Pivot Point R1 | 108.25 |
| Daily Pivot Point R2 | 108.68 |
| Daily Pivot Point R3 | 109.36 |
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