The index comes under pressure and breaches 102.00 on Monday. (Pivot Orderbook analysis)

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• The index comes under pressure and breaches 102.00 on Monday.
• Bouts of weakness could retest the 101.50 region near term.

The pair currently trades last at 101.84.

The previous day high was 102.19 while the previous day low was 101.68. The daily 38.2% Fib levels comes at 102.0, expected to provide resistance. Similarly, the daily 61.8% fib level is at 101.88, expected to provide resistance.

DXY leaves behind two consecutive daily advances and returns to the sub-102.00 region at the beginning of the week.

In case sellers regain the upper hand, another test of the YTD low at 101.50 could start gathering momentum prior to the May 2022 low around 101.30 (May 30). Further south comes the psychological 100.00 level.

In the longer run, while below the 200-day SMA at 106.47, the outlook for the index remains negative.

Technical Levels: Supports and Resistances

EURUSD currently trading at 101.84 at the time of writing. Pair opened at 101.95 and is trading with a change of -0.11 % .

The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 102.82, 50 SMA 104.01, 100 SMA @ 107.01 and 200 SMA @ 106.74.

The previous day high was 102.19 while the previous day low was 101.68. The daily 38.2% Fib levels comes at 102.0, expected to provide resistance. Similarly, the daily 61.8% fib level is at 101.88, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 101.69, 101.43, 101.18
• Pivot resistance is noted at 102.2, 102.46, 102.72

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