The index extends the weekly optimism beyond 105.00. (Pivot Orderbook analysis)

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• The index extends the weekly optimism beyond 105.00.
• Immediately to the upside comes the 200-day SMA.

The pair currently trades last at 105.59.

The previous day high was 105.27 while the previous day low was 103.98. The daily 38.2% Fib levels comes at 104.78, expected to provide support. Similarly, the daily 61.8% fib level is at 104.48, expected to provide support.

DXY adds to Thursday’s rebound and surpasses the key barrier at 105.00 the figure at the end of the week.

The dollar trades in multi-week highs north of the 105.00 barrier and the current upside momentum allows for the continuation of the upside bias for the time being. Against that, the next target of note comes at the key 200-day SMA, today at 106.32.

While below the latter, the outlook for the index should remain tilted to the negative side.

Technical Levels: Supports and Resistances

EURUSD currently trading at 105.59 at the time of writing. Pair opened at 105.13 and is trading with a change of 0.44 % .

The pair is trading above its 20 Daily moving average @ 104.34, above its 50 Daily moving average @ 105.35 , below its 100 Daily moving average @ 108.34 and below its 200 Daily moving average @ 106.77

The previous day high was 105.27 while the previous day low was 103.98. The daily 38.2% Fib levels comes at 104.78, expected to provide support. Similarly, the daily 61.8% fib level is at 104.48, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 104.32, 103.51, 103.03
• Pivot resistance is noted at 105.61, 106.09, 106.9

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