DXY keeps pushing higher and prints tops near 110.80. (Pivot Orderbook analysis)
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- DXY keeps pushing higher and prints tops near 110.80.
- The continuation of the upside could see 111.00 revisited.
The pair currently trades last at 110.66.
The previous day high was 110.57 while the previous day low was 109.38. The daily 38.2% Fib levels comes at 110.12, expected to provide support. Similarly, the daily 61.8% fib level is at 109.83, expected to provide support.
DXY advances for the third session in a row and approaches the 111.00 mark on Wednesday.
The short-term bullish view in the dollar remains well in place for the time being and propped up by the 7-month support line just below 106.00.
Still on the upside, the surpass of the recent top at 110.78 (September 7) could face the next barrier at the weekly highs at 111.90 (June 6 2002) and 113.35 (May 24 2002).
Looking at the long-term scenario, the bullish view in the dollar remains in place while above the 200-day SMA at 101.20.
Technical Levels: Supports and Resistances
EURUSD currently trading at 110.66 at the time of writing. Pair opened at 110.23 and is trading with a change of 0.39 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 110.66 |
| 1 | Today Daily Change | 60.00 |
| 2 | Today Daily Change % | 0.39 |
| 3 | Today daily open | 110.23 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 108.01, 50 SMA 107.13, 100 SMA @ 105.12 and 200 SMA @ 101.09.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 108.01 |
| 1 | Daily SMA50 | 107.13 |
| 2 | Daily SMA100 | 105.12 |
| 3 | Daily SMA200 | 101.09 |
The previous day high was 110.57 while the previous day low was 109.38. The daily 38.2% Fib levels comes at 110.12, expected to provide support. Similarly, the daily 61.8% fib level is at 109.83, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 109.55, 108.86, 108.35
- Pivot resistance is noted at 110.74, 111.26, 111.94
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 110.57 |
| Previous Daily Low | 109.38 |
| Previous Weekly High | 110.00 |
| Previous Weekly Low | 108.27 |
| Previous Monthly High | 109.48 |
| Previous Monthly Low | 104.64 |
| Daily Fibonacci 38.2% | 110.12 |
| Daily Fibonacci 61.8% | 109.83 |
| Daily Pivot Point S1 | 109.55 |
| Daily Pivot Point S2 | 108.86 |
| Daily Pivot Point S3 | 108.35 |
| Daily Pivot Point R1 | 110.74 |
| Daily Pivot Point R2 | 111.26 |
| Daily Pivot Point R3 | 111.94 |
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