DXY adds to Monday’s advance and retests the 103.60 zone. (Pivot Orderbook analysis)
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- DXY adds to Monday’s advance and retests the 103.60 zone.
- Extra gains from here target the key 200-day SMA near 105.70.
The pair currently trades last at 103.54.
The previous day high was 103.37 while the previous day low was 102.96. The daily 38.2% Fib levels comes at 103.21, expected to provide support. Similarly, the daily 61.8% fib level is at 103.12, expected to provide support.
DXY extends Monday’s auspicious start of the week and challenges recent peaks in the 103.60/65 band on Tuesday.
In case bulls regain the upper hand, a convincing move past 103.60/65 could pave the way for a potential challenge of the key 200-day SMA, today at 105.74 prior to the 2023 high of 105.88 (March 8).
Looking at the broader picture, while below the 200-day SMA the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 103.54 at the time of writing. Pair opened at 103.25 and is trading with a change of 0.28 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 103.54 |
| 1 | Today Daily Change | 45.00 |
| 2 | Today Daily Change % | 0.28 |
| 3 | Today daily open | 103.25 |
The pair is trading above its 20 Daily moving average @ 102.09, above its 50 Daily moving average @ 102.3 , above its 100 Daily moving average @ 102.89 and below its 200 Daily moving average @ 105.69
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 102.09 |
| 1 | Daily SMA50 | 102.30 |
| 2 | Daily SMA100 | 102.89 |
| 3 | Daily SMA200 | 105.69 |
The previous day high was 103.37 while the previous day low was 102.96. The daily 38.2% Fib levels comes at 103.21, expected to provide support. Similarly, the daily 61.8% fib level is at 103.12, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 103.01, 102.78, 102.61
- Pivot resistance is noted at 103.42, 103.6, 103.83
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 103.37 |
| Previous Daily Low | 102.96 |
| Previous Weekly High | 103.63 |
| Previous Weekly Low | 102.20 |
| Previous Monthly High | 103.06 |
| Previous Monthly Low | 100.79 |
| Daily Fibonacci 38.2% | 103.21 |
| Daily Fibonacci 61.8% | 103.12 |
| Daily Pivot Point S1 | 103.01 |
| Daily Pivot Point S2 | 102.78 |
| Daily Pivot Point S3 | 102.61 |
| Daily Pivot Point R1 | 103.42 |
| Daily Pivot Point R2 | 103.60 |
| Daily Pivot Point R3 | 103.83 |
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