The index keeps the choppiness well and sound below 104.00. (Pivot Orderbook analysis)
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- The index keeps the choppiness well and sound below 104.00.
- A move beyond the monthly high at 104.11 exposes extra gains.
The pair currently trades last at 103.68.
The previous day high was 104.11 while the previous day low was 103.16. The daily 38.2% Fib levels comes at 103.75, expected to provide resistance. Similarly, the daily 61.8% fib level is at 103.53, expected to provide support.
DXY sees its recent marked uptick to new monthly highs past the 104.00 mark somewhat trimmed on Thursday.
The ongoing price action leaves the door open to the continuation of the consolidative note for the time being. Occasional bouts of strength, however, should face the February high at 104.11 (February 15) as the immediate hurdle, while the trespass of this level could open the door to a potential challenge of the 2023 top at 105.63 (January 6) in the relatively near term.
In the longer run, while below the 200-day SMA at 106.44, the outlook for the index remains negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 103.68 at the time of writing. Pair opened at 103.86 and is trading with a change of -0.17 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 103.68 |
| 1 | Today Daily Change | 36.00 |
| 2 | Today Daily Change % | -0.17 |
| 3 | Today daily open | 103.86 |
The pair is trading above its 20 Daily moving average @ 102.56, above its 50 Daily moving average @ 103.37 , below its 100 Daily moving average @ 105.79 and below its 200 Daily moving average @ 106.75
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 102.56 |
| 1 | Daily SMA50 | 103.37 |
| 2 | Daily SMA100 | 105.79 |
| 3 | Daily SMA200 | 106.75 |
The previous day high was 104.11 while the previous day low was 103.16. The daily 38.2% Fib levels comes at 103.75, expected to provide resistance. Similarly, the daily 61.8% fib level is at 103.53, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 103.31, 102.77, 102.37
- Pivot resistance is noted at 104.26, 104.66, 105.21
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 104.11 |
| Previous Daily Low | 103.16 |
| Previous Weekly High | 103.96 |
| Previous Weekly Low | 102.64 |
| Previous Monthly High | 105.63 |
| Previous Monthly Low | 101.50 |
| Daily Fibonacci 38.2% | 103.75 |
| Daily Fibonacci 61.8% | 103.53 |
| Daily Pivot Point S1 | 103.31 |
| Daily Pivot Point S2 | 102.77 |
| Daily Pivot Point S3 | 102.37 |
| Daily Pivot Point R1 | 104.26 |
| Daily Pivot Point R2 | 104.66 |
| Daily Pivot Point R3 | 105.21 |
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