DXY attempts a mild rebound after bottoming out near 111.80. (Pivot Orderbook analysis)

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• DXY attempts a mild rebound after bottoming out near 111.80.
• Further range bound remains on the cards for the time being.

The pair currently trades last at 112.22.

The previous day high was 113.26 while the previous day low was 111.92. The daily 38.2% Fib levels comes at 112.43, expected to provide resistance. Similarly, the daily 61.8% fib level is at 112.75, expected to provide resistance.

DXY bounces off multi-session lows in the 111.80/75 band on Tuesday.

So far, the index looks poised to keep navigating within a 112.00-114.00 range at least until the next FOMC event.

The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 8-month support line near 108.00.

In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 103.43.

Technical Levels: Supports and Resistances

EURUSD currently trading at 112.22 at the time of writing. Pair opened at 112.1 and is trading with a change of 0.11 % .

The pair is trading below its 20 Daily moving average @ 112.47, above its 50 Daily moving average @ 110.17 , above its 100 Daily moving average @ 107.81 and above its 200 Daily moving average @ 103.45

The previous day high was 113.26 while the previous day low was 111.92. The daily 38.2% Fib levels comes at 112.43, expected to provide resistance. Similarly, the daily 61.8% fib level is at 112.75, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 111.59, 111.09, 110.25
• Pivot resistance is noted at 112.94, 113.77, 114.28

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