DXY trims part of Tuesday’s intense advance above 110.00. (Pivot Orderbook analysis)
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- DXY trims part of Tuesday’s intense advance above 110.00.
- Further bouts of strength could see the dollar retest yearly highs.
The pair currently trades last at 109.44.
The previous day high was 109.94 while the previous day low was 107.67. The daily 38.2% Fib levels comes at 109.07, expected to provide support. Similarly, the daily 61.8% fib level is at 108.54, expected to provide support.
DXY gives away some gains following the post-CPI sharp upside to the 110.00 region on Wednesday.
Despite the ongoing knee-jerk in the dollar, its short-term bullish view remains unchanged while above the 7-month support line around 106.30.
If sellers push harder, then a potential visit to the weekly low at 107.58 (August 26) could start emerging on the horizon just ahead of the interim 55-day SMA at 107.43.
In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 101.53.
Technical Levels: Supports and Resistances
EURUSD currently trading at 109.44 at the time of writing. Pair opened at 109.93 and is trading with a change of -0.45 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 109.44 |
| 1 | Today Daily Change | 70.00 |
| 2 | Today Daily Change % | -0.45 |
| 3 | Today daily open | 109.93 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 109.0, 50 SMA 107.61, 100 SMA @ 105.6 and 200 SMA @ 101.48.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 109.00 |
| 1 | Daily SMA50 | 107.61 |
| 2 | Daily SMA100 | 105.60 |
| 3 | Daily SMA200 | 101.48 |
The previous day high was 109.94 while the previous day low was 107.67. The daily 38.2% Fib levels comes at 109.07, expected to provide support. Similarly, the daily 61.8% fib level is at 108.54, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 108.43, 106.92, 106.16
- Pivot resistance is noted at 110.69, 111.44, 112.95
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 109.94 |
| Previous Daily Low | 107.67 |
| Previous Weekly High | 110.79 |
| Previous Weekly Low | 108.36 |
| Previous Monthly High | 109.48 |
| Previous Monthly Low | 104.64 |
| Daily Fibonacci 38.2% | 109.07 |
| Daily Fibonacci 61.8% | 108.54 |
| Daily Pivot Point S1 | 108.43 |
| Daily Pivot Point S2 | 106.92 |
| Daily Pivot Point S3 | 106.16 |
| Daily Pivot Point R1 | 110.69 |
| Daily Pivot Point R2 | 111.44 |
| Daily Pivot Point R3 | 112.95 |
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