The index loses the grip and drops to weekly lows near 102.80. (Pivot Orderbook analysis)
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- The index loses the grip and drops to weekly lows near 102.80.
- Next on the downside emerges the 3-month line near 101.60.
The pair currently trades last at 102.86.
The previous day high was 103.52 while the previous day low was 103.0. The daily 38.2% Fib levels comes at 103.32, expected to provide resistance. Similarly, the daily 61.8% fib level is at 103.2, expected to provide resistance.
DXY accelerates losses and breaks below the key support at 102.00 the figure on Thursday.
The continuation of the downtrend could put the 3-month support line near 101.60 to the test in the near term. Below this line, the dollar is expected to face extra weakness and could open the door to a potential move to the 2023 low around 100.80 (February 2).
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 102.86 at the time of writing. Pair opened at 103.48 and is trading with a change of -0.6 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 102.86 |
| 1 | Today Daily Change | 78.00 |
| 2 | Today Daily Change % | -0.60 |
| 3 | Today daily open | 103.48 |
The pair is trading above its 20 Daily moving average @ 102.28, below its 50 Daily moving average @ 103.54 , below its 100 Daily moving average @ 106.27 and below its 200 Daily moving average @ 106.7
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 102.28 |
| 1 | Daily SMA50 | 103.54 |
| 2 | Daily SMA100 | 106.27 |
| 3 | Daily SMA200 | 106.70 |
The previous day high was 103.52 while the previous day low was 103.0. The daily 38.2% Fib levels comes at 103.32, expected to provide resistance. Similarly, the daily 61.8% fib level is at 103.2, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 103.15, 102.81, 102.63
- Pivot resistance is noted at 103.67, 103.86, 104.19
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 103.52 |
| Previous Daily Low | 103.00 |
| Previous Weekly High | 103.01 |
| Previous Weekly Low | 100.81 |
| Previous Monthly High | 105.63 |
| Previous Monthly Low | 101.50 |
| Daily Fibonacci 38.2% | 103.32 |
| Daily Fibonacci 61.8% | 103.20 |
| Daily Pivot Point S1 | 103.15 |
| Daily Pivot Point S2 | 102.81 |
| Daily Pivot Point S3 | 102.63 |
| Daily Pivot Point R1 | 103.67 |
| Daily Pivot Point R2 | 103.86 |
| Daily Pivot Point R3 | 104.19 |
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