DXY picks up further traction and surpasses the 103.00 mark. (Pivot Orderbook analysis)

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• DXY picks up further traction and surpasses the 103.00 mark.
• Further bounce could see the transitory 100-day SMA revisited.

The pair currently trades last at 103.23.

The previous day high was 102.63 while the previous day low was 101.92. The daily 38.2% Fib levels comes at 102.36, expected to provide support. Similarly, the daily 61.8% fib level is at 102.19, expected to provide support.

DXY leaves behind Thursday’s lows in the sub-102.00 area and retakes the 103.00 mark on quite a convincing note.

The initial up-barrier comes at the temporary 55-day SMA near 103.40, while the continuation of the rebound is expected to meet another provisional resistance at the 100-day SMA at 104.37.

Looking at the broader picture, while below the 200-day SMA, today at 106.60, the outlook for the index is expected to remain negative.

Technical Levels: Supports and Resistances

EURUSD currently trading at 103.23 at the time of writing. Pair opened at 102.61 and is trading with a change of 0.6 % .

The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 104.31, 50 SMA 103.44, 100 SMA @ 104.22 and 200 SMA @ 106.78.

The previous day high was 102.63 while the previous day low was 101.92. The daily 38.2% Fib levels comes at 102.36, expected to provide support. Similarly, the daily 61.8% fib level is at 102.19, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 102.14, 101.67, 101.43
• Pivot resistance is noted at 102.85, 103.1, 103.57

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