DXY’s decline gathers extra pace and tests 3-month lows. (Pivot Orderbook analysis)
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- DXY’s decline gathers extra pace and tests 3-month lows.
- Next support of note now emerges at the key 200-day SMA.
The pair currently trades last at 107.08.
The previous day high was 110.99 while the previous day low was 107.71. The daily 38.2% Fib levels comes at 108.97, expected to provide resistance. Similarly, the daily 61.8% fib level is at 109.74, expected to provide resistance.
DXY extends the post-CPI sell-off to the vicinity of the 107.00 region, or fresh multi-week lows.
Considering the recent price action, the dollar looks poised to extend the current bearish tone in the short-term horizon. That said, the next target of relevance is now seen at the critical 200-day SMA, today at 104.78.
While above the latter, the index is expected to maintain its constructive stance.
Technical Levels: Supports and Resistances
EURUSD currently trading at 107.08 at the time of writing. Pair opened at 107.87 and is trading with a change of -0.73 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 107.08 |
| 1 | Today Daily Change | 141.00 |
| 2 | Today Daily Change % | -0.73 |
| 3 | Today daily open | 107.87 |
The pair is trading below its 20 Daily moving average @ 111.14, below its 50 Daily moving average @ 111.34 , below its 100 Daily moving average @ 109.28 and above its 200 Daily moving average @ 104.99
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 111.14 |
| 1 | Daily SMA50 | 111.34 |
| 2 | Daily SMA100 | 109.28 |
| 3 | Daily SMA200 | 104.99 |
The previous day high was 110.99 while the previous day low was 107.71. The daily 38.2% Fib levels comes at 108.97, expected to provide resistance. Similarly, the daily 61.8% fib level is at 109.74, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 106.72, 105.57, 103.44
- Pivot resistance is noted at 110.0, 112.14, 113.29
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 110.99 |
| Previous Daily Low | 107.71 |
| Previous Weekly High | 113.15 |
| Previous Weekly Low | 110.42 |
| Previous Monthly High | 113.95 |
| Previous Monthly Low | 109.54 |
| Daily Fibonacci 38.2% | 108.97 |
| Daily Fibonacci 61.8% | 109.74 |
| Daily Pivot Point S1 | 106.72 |
| Daily Pivot Point S2 | 105.57 |
| Daily Pivot Point S3 | 103.44 |
| Daily Pivot Point R1 | 110.00 |
| Daily Pivot Point R2 | 112.14 |
| Daily Pivot Point R3 | 113.29 |
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