DXY extends the upside and rises to 3-day highs near 10920, Pivot Orderbook analysis

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• DXY extends the upside and rises to 3-day highs near 109.20.
• Extra gains remain in place above the 105.60 region.

The pair currently trades last at 109.15.

The previous day high was 109.2 while the previous day low was 108.38. The daily 38.2% Fib levels comes at 108.69, expected to provide support. Similarly, the daily 61.8% fib level is at 108.89, expected to provide support.

DXY reverses Wednesday’s downtick and resumes the buying interest north of the 109.00 mark on Thursday.

The prospects for extra rebound look well and sound while above the 7-month support line, today around 105.60. Against that, the breakout of the 2022 high at 109.47 (August 29) should pave the way for a challenge of the September 2002 top at 109.77 and the round level at 110.00.

Looking at the long-term scenario, the bullish view in the dollar remains in place while above the 200-day SMA at 100.93.

Technical Levels: Supports and Resistances

EURUSD currently trading at 109.15 at the time of writing. Pair opened at 108.67 and is trading with a change of 0.44 % .

The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 107.29, 50 SMA 106.68, 100 SMA @ 104.74 and 200 SMA @ 100.82.

The previous day high was 109.2 while the previous day low was 108.38. The daily 38.2% Fib levels comes at 108.69, expected to provide support. Similarly, the daily 61.8% fib level is at 108.89, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 108.3, 107.93, 107.48
• Pivot resistance is noted at 109.12, 109.57, 109.94

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