DXY picks up strong pace and surpasses the 105.00 hurdle. (Pivot Orderbook analysis)

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• DXY picks up strong pace and surpasses the 105.00 hurdle.
• Next on the upside comes the 2023 high near 105.30.

The pair currently trades last at 105.03.

The previous day high was 105.09 while the previous day low was 104.09. The daily 38.2% Fib levels comes at 104.48, expected to provide support. Similarly, the daily 61.8% fib level is at 104.71, expected to provide support.

DXY resumes the weekly upside and reclaims the 105.00 mark and above, rapidly leaving behind Wednesday’s marked pullback.

Immediately to the upside for the dollar appears the February peak at 105.35 (February 27). The surpass of this level should pave the way for the continuation of the multi-week uptrend to challenge the 2023 top at 105.63 (January 6).

In the longer run, while below the 200-day SMA at 106.52, the outlook for the index remains negative.

Technical Levels: Supports and Resistances

EURUSD currently trading at 105.03 at the time of writing. Pair opened at 104.39 and is trading with a change of 0.61 % .

The pair is trading above its 20 Daily moving average @ 103.84, above its 50 Daily moving average @ 103.36 , below its 100 Daily moving average @ 105.08 and below its 200 Daily moving average @ 106.83

The previous day high was 105.09 while the previous day low was 104.09. The daily 38.2% Fib levels comes at 104.48, expected to provide support. Similarly, the daily 61.8% fib level is at 104.71, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 103.96, 103.52, 102.96
• Pivot resistance is noted at 104.96, 105.53, 105.96

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