DXY accelerates the upside past the 105.00 mark on Friday. (Pivot Orderbook analysis)

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• DXY accelerates the upside past the 105.00 mark on Friday.
• The next target of note comes at the 2023 high near 105.60.

The pair currently trades last at 104.93.

The previous day high was 104.78 while the previous day low was 104.31. The daily 38.2% Fib levels comes at 104.6, expected to provide support. Similarly, the daily 61.8% fib level is at 104.49, expected to provide support.

DXY extends the upside momentum further north of the 105.00 barrier at the end of the week.

The ongoing price action favours the continuation of the uptrend for the time being. That said, the dollar could now challenge the 2023 top at 105.63 (January 6) in the near term ahead of the key 200-day SMA, today at 106.46.

In the longer run, the outlook for the index remains negative while below the 200-day SMA.

Technical Levels: Supports and Resistances

EURUSD currently trading at 104.93 at the time of writing. Pair opened at 104.6 and is trading with a change of 0.32 % .

The pair is trading above its 20 Daily moving average @ 103.25, above its 50 Daily moving average @ 103.32 , below its 100 Daily moving average @ 105.3 and below its 200 Daily moving average @ 106.81

The previous day high was 104.78 while the previous day low was 104.31. The daily 38.2% Fib levels comes at 104.6, expected to provide support. Similarly, the daily 61.8% fib level is at 104.49, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 104.35, 104.09, 103.87
• Pivot resistance is noted at 104.82, 105.04, 105.3

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