DXY manages to gather some upside traction after testing 110.00. (Pivot Orderbook analysis)
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- DXY manages to gather some upside traction after testing 110.00.
- The loss of 110.00 exposes a potential decline to 109.35.
The pair currently trades last at 110.86.
The previous day high was 111.89 while the previous day low was 110.05. The daily 38.2% Fib levels comes at 110.75, expected to provide support. Similarly, the daily 61.8% fib level is at 111.19, expected to provide resistance.
DXY reverses two consecutive daily retracements and bounces off fresh lows in the proximity of the 110.00 support on Wednesday.
Despite the ongoing rebound, further weakness should not be ruled out just yet. That said, the breach of the 110.00 yardstick should open the door to a probable visit to the weekly low at 109.35 (September 20).
The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 7-month support line near 107.40.
In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 102.67.
Technical Levels: Supports and Resistances
EURUSD currently trading at 110.86 at the time of writing. Pair opened at 110.18 and is trading with a change of 0.62 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 110.86 |
| 1 | Today Daily Change | 82.00 |
| 2 | Today Daily Change % | 0.62 |
| 3 | Today daily open | 110.18 |
The pair is trading below its 20 Daily moving average @ 111.03, above its 50 Daily moving average @ 108.97 , above its 100 Daily moving average @ 106.86 and above its 200 Daily moving average @ 102.7
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 111.03 |
| 1 | Daily SMA50 | 108.97 |
| 2 | Daily SMA100 | 106.86 |
| 3 | Daily SMA200 | 102.70 |
The previous day high was 111.89 while the previous day low was 110.05. The daily 38.2% Fib levels comes at 110.75, expected to provide support. Similarly, the daily 61.8% fib level is at 111.19, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 109.53, 108.87, 107.7
- Pivot resistance is noted at 111.36, 112.54, 113.2
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 111.89 |
| Previous Daily Low | 110.05 |
| Previous Weekly High | 114.78 |
| Previous Weekly Low | 111.57 |
| Previous Monthly High | 114.78 |
| Previous Monthly Low | 107.67 |
| Daily Fibonacci 38.2% | 110.75 |
| Daily Fibonacci 61.8% | 111.19 |
| Daily Pivot Point S1 | 109.53 |
| Daily Pivot Point S2 | 108.87 |
| Daily Pivot Point S3 | 107.70 |
| Daily Pivot Point R1 | 111.36 |
| Daily Pivot Point R2 | 112.54 |
| Daily Pivot Point R3 | 113.20 |
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