The index struggles to continue the rebound around 106.70. (Pivot Orderbook analysis)
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- The index struggles to continue the rebound around 106.70.
- The dollar keeps the positive outlook above the 200-day SMA.
The pair currently trades last at 106.78.
The previous day high was 106.74 while the previous day low was 105.32. The daily 38.2% Fib levels comes at 106.2, expected to provide support. Similarly, the daily 61.8% fib level is at 105.86, expected to provide support.
DXY reverses the initial downside and looks to extend the move further north of the 106.00 mark on Tuesday.
In case the recovery becomes more serious, then the US Dollar could attempt to retest the weekly high at 107.99 (November 21) ahead of the temporary 100-day Simple Moving Average (SMA), today at 109.12.
While above the 200-day SMA, the outlook for the index should remain positive.
Technical Levels: Supports and Resistances
EURUSD currently trading at 106.78 at the time of writing. Pair opened at 106.67 and is trading with a change of 0.1 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 106.78 |
| 1 | Today Daily Change | 75.00 |
| 2 | Today Daily Change % | 0.10 |
| 3 | Today daily open | 106.67 |
The pair is trading below its 20 Daily moving average @ 106.84, below its 50 Daily moving average @ 109.78 , below its 100 Daily moving average @ 109.24 and above its 200 Daily moving average @ 105.89
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 106.84 |
| 1 | Daily SMA50 | 109.78 |
| 2 | Daily SMA100 | 109.24 |
| 3 | Daily SMA200 | 105.89 |
The previous day high was 106.74 while the previous day low was 105.32. The daily 38.2% Fib levels comes at 106.2, expected to provide support. Similarly, the daily 61.8% fib level is at 105.86, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 105.75, 104.82, 104.32
- Pivot resistance is noted at 107.17, 107.67, 108.6
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 106.74 |
| Previous Daily Low | 105.32 |
| Previous Weekly High | 108.00 |
| Previous Weekly Low | 105.63 |
| Previous Monthly High | 113.95 |
| Previous Monthly Low | 109.54 |
| Daily Fibonacci 38.2% | 106.20 |
| Daily Fibonacci 61.8% | 105.86 |
| Daily Pivot Point S1 | 105.75 |
| Daily Pivot Point S2 | 104.82 |
| Daily Pivot Point S3 | 104.32 |
| Daily Pivot Point R1 | 107.17 |
| Daily Pivot Point R2 | 107.67 |
| Daily Pivot Point R3 | 108.60 |
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