The index pushes higher and consolidates the breakout of 103.00, (Pivot Orderbook analysis)
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- The index pushes higher and consolidates the breakout of 103.00,
- There is an interim hurdle at the 55-day SMA at 103.88.
The pair currently trades last at 103.29.
The previous day high was 103.01 while the previous day low was 101.55. The daily 38.2% Fib levels comes at 102.45, expected to provide support. Similarly, the daily 61.8% fib level is at 102.1, expected to provide support.
The march north in the index appears unabated and now extends the recovery from last week’s lows near 100.80 to the area well above the 103.00 yardstick.
DXY surpasses the 3-month line and this allows for the continuation of the upside momentum to, initially, the temporary 55-day SMA, today at 103.88. Further up, there are no relevant hurdles until the 2023 top at 105.63 (January 6).
In the longer run, while below the 200-day SMA at 106.45, the outlook for the index remains negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 103.29 at the time of writing. Pair opened at 103.0 and is trading with a change of 0.28 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 103.29 |
| 1 | Today Daily Change | 40.00 |
| 2 | Today Daily Change % | 0.28 |
| 3 | Today daily open | 103.00 |
The pair is trading above its 20 Daily moving average @ 102.25, below its 50 Daily moving average @ 103.6 , below its 100 Daily moving average @ 106.53 and below its 200 Daily moving average @ 106.69
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 102.25 |
| 1 | Daily SMA50 | 103.60 |
| 2 | Daily SMA100 | 106.53 |
| 3 | Daily SMA200 | 106.69 |
The previous day high was 103.01 while the previous day low was 101.55. The daily 38.2% Fib levels comes at 102.45, expected to provide support. Similarly, the daily 61.8% fib level is at 102.1, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 102.03, 101.06, 100.57
- Pivot resistance is noted at 103.49, 103.98, 104.96
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 103.01 |
| Previous Daily Low | 101.55 |
| Previous Weekly High | 103.01 |
| Previous Weekly Low | 100.81 |
| Previous Monthly High | 105.63 |
| Previous Monthly Low | 101.50 |
| Daily Fibonacci 38.2% | 102.45 |
| Daily Fibonacci 61.8% | 102.10 |
| Daily Pivot Point S1 | 102.03 |
| Daily Pivot Point S2 | 101.06 |
| Daily Pivot Point S3 | 100.57 |
| Daily Pivot Point R1 | 103.49 |
| Daily Pivot Point R2 | 103.98 |
| Daily Pivot Point R3 | 104.96 |
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