DXY manages to bounce off lows near the 110.00 mark. (Pivot Orderbook analysis)
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- DXY manages to bounce off lows near the 110.00 mark.
- Further south appears the October low near 109.50.
The pair currently trades last at 110.37.
The previous day high was 111.36 while the previous day low was 110.05. The daily 38.2% Fib levels comes at 110.55, expected to provide resistance. Similarly, the daily 61.8% fib level is at 110.86, expected to provide resistance.
DXY regains some balance following an earlier drop to new lows in the 110.00 zone on Tuesday.
Further weakness in the dollar should not be ruled out despite the current rebound. That said, the index is expected to face initial contention at the October low at 109.53 (October 27) prior to the 9-month support line just below 109.00.
The latter appears reinforced by the proximity of the 100-day SMA. Above this region, the dollar’s short-term stance should remain positive.
In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 104.59.
Technical Levels: Supports and Resistances
EURUSD currently trading at 110.37 at the time of writing. Pair opened at 110.18 and is trading with a change of 0.17 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 110.37 |
| 1 | Today Daily Change | 56.00 |
| 2 | Today Daily Change % | 0.17 |
| 3 | Today daily open | 110.18 |
The pair is trading below its 20 Daily moving average @ 111.64, below its 50 Daily moving average @ 111.37 , above its 100 Daily moving average @ 109.13 and above its 200 Daily moving average @ 104.78
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 111.64 |
| 1 | Daily SMA50 | 111.37 |
| 2 | Daily SMA100 | 109.13 |
| 3 | Daily SMA200 | 104.78 |
The previous day high was 111.36 while the previous day low was 110.05. The daily 38.2% Fib levels comes at 110.55, expected to provide resistance. Similarly, the daily 61.8% fib level is at 110.86, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 109.7, 109.22, 108.38
- Pivot resistance is noted at 111.01, 111.85, 112.33
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 111.36 |
| Previous Daily Low | 110.05 |
| Previous Weekly High | 113.15 |
| Previous Weekly Low | 110.42 |
| Previous Monthly High | 113.95 |
| Previous Monthly Low | 109.54 |
| Daily Fibonacci 38.2% | 110.55 |
| Daily Fibonacci 61.8% | 110.86 |
| Daily Pivot Point S1 | 109.70 |
| Daily Pivot Point S2 | 109.22 |
| Daily Pivot Point S3 | 108.38 |
| Daily Pivot Point R1 | 111.01 |
| Daily Pivot Point R2 | 111.85 |
| Daily Pivot Point R3 | 112.33 |
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