DXY recoups part of the losses seen on Thursday. (Pivot Orderbook analysis)

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• DXY recoups part of the losses seen on Thursday.
• Decent support emerges at the 102.00/101.90 band.

The pair currently trades last at 102.44.

The previous day high was 102.78 while the previous day low was 102.07. The daily 38.2% Fib levels comes at 102.34, expected to provide support. Similarly, the daily 61.8% fib level is at 102.51, expected to provide resistance.

DXY manages to regain some balance and bounces off the earlier retracement to the 102.00 neighbourhood.

So far, it seems the index could extend the consolidative range amidst the broader bearish stance. That said, a drop below the monthly low at 101.91 (March 23) should open the door to a potential visit to the 2023 low around 100.80 (February 2).

Looking at the broader picture, while below the 200-day SMA, today at 106.55, the outlook for the index is expected to remain negative.

Technical Levels: Supports and Resistances

EURUSD currently trading at 102.44 at the time of writing. Pair opened at 102.17 and is trading with a change of 0.26 % .

The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 103.76, 50 SMA 103.48, 100 SMA @ 104.02 and 200 SMA @ 106.66.

The previous day high was 102.78 while the previous day low was 102.07. The daily 38.2% Fib levels comes at 102.34, expected to provide support. Similarly, the daily 61.8% fib level is at 102.51, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 101.9, 101.63, 101.19
• Pivot resistance is noted at 102.61, 103.05, 103.32

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