DXY intensifies the decline and breaches 104.00 on Monday. (Pivot Orderbook analysis)
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- DXY intensifies the decline and breaches 104.00 on Monday.
- The 55-day SMA near 103.50 should offer initial contention.
The pair currently trades last at 103.87.
The previous day high was 105.36 while the previous day low was 104.05. The daily 38.2% Fib levels comes at 104.55, expected to provide resistance. Similarly, the daily 61.8% fib level is at 104.86, expected to provide resistance.
DXY extends the strong bearish momentum and breaks below the 104.00 support to record new multi-week lows.
In case sellers push harder, then the index should face a temporary support at the 55-day SMA at 103.51 prior to the weekly low at 102.58 (February 14).
In the meantime, while below the 200-day SMA at 106.62, the outlook for the greenback is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 103.87 at the time of writing. Pair opened at 104.64 and is trading with a change of -0.74 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 103.87 |
| 1 | Today Daily Change | 95.00 |
| 2 | Today Daily Change % | -0.74 |
| 3 | Today daily open | 104.64 |
The pair is trading below its 20 Daily moving average @ 104.49, above its 50 Daily moving average @ 103.47 , below its 100 Daily moving average @ 104.61 and below its 200 Daily moving average @ 106.84
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 104.49 |
| 1 | Daily SMA50 | 103.47 |
| 2 | Daily SMA100 | 104.61 |
| 3 | Daily SMA200 | 106.84 |
The previous day high was 105.36 while the previous day low was 104.05. The daily 38.2% Fib levels comes at 104.55, expected to provide resistance. Similarly, the daily 61.8% fib level is at 104.86, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 104.0, 103.37, 102.69
- Pivot resistance is noted at 105.32, 105.99, 106.63
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 105.36 |
| Previous Daily Low | 104.05 |
| Previous Weekly High | 105.89 |
| Previous Weekly Low | 104.05 |
| Previous Monthly High | 105.36 |
| Previous Monthly Low | 100.81 |
| Daily Fibonacci 38.2% | 104.55 |
| Daily Fibonacci 61.8% | 104.86 |
| Daily Pivot Point S1 | 104.00 |
| Daily Pivot Point S2 | 103.37 |
| Daily Pivot Point S3 | 102.69 |
| Daily Pivot Point R1 | 105.32 |
| Daily Pivot Point R2 | 105.99 |
| Daily Pivot Point R3 | 106.63 |
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