The index keeps the erratic weekly performance unchanged. (Pivot Orderbook analysis)

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• The index keeps the erratic weekly performance unchanged.
• Extra gains are seen on a breakout of the 105.00 region.

The pair currently trades last at 104.74.

The previous day high was 104.78 while the previous day low was 103.82. The daily 38.2% Fib levels comes at 104.19, expected to provide support. Similarly, the daily 61.8% fib level is at 104.41, expected to provide support.

DXY resumes the uptrend and appears en route to test the key resistance area around 105.00 on Thursday.

The index keeps the consolidative mood in place for the time being, although the surpass of the 105.00 neighbourhood could open the door to extra gains in the near term.

Immediately above comes the key 200-day SMA at 106.28. A move above this zone should shift the outlook to constructive and thus allow for further advances.

Technical Levels: Supports and Resistances

EURUSD currently trading at 104.74 at the time of writing. Pair opened at 104.27 and is trading with a change of 0.45 % .

The pair is trading above its 20 Daily moving average @ 104.33, below its 50 Daily moving average @ 105.4 , below its 100 Daily moving average @ 108.39 and below its 200 Daily moving average @ 106.75

The previous day high was 104.78 while the previous day low was 103.82. The daily 38.2% Fib levels comes at 104.19, expected to provide support. Similarly, the daily 61.8% fib level is at 104.41, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 103.8, 103.34, 102.85
• Pivot resistance is noted at 104.75, 105.24, 105.71

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