DXY adds to Friday’s gains well north of the 104.00 barrier. (Pivot Orderbook analysis)
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- DXY adds to Friday’s gains well north of the 104.00 barrier.
- Further upside is seen revisiting the May top around 104.80.
The pair currently trades last at 104.32.
The previous day high was 104.09 while the previous day low was 103.38. The daily 38.2% Fib levels comes at 103.82, expected to provide support. Similarly, the daily 61.8% fib level is at 103.65, expected to provide support.
DXY’s rebound picks up pace and tests 2-day highs past the 104.00 hurdle on Monday.
Considering the current price action, further advances could initially see the May top of 104.79 (May 31) revisited in the relatively near term. From here, the index could target the minor hurdle at the round level of 105.00 ahead of the crucial 200-day SMA, today at 105.56.
Looking at the broader picture, while below the 200-day SMA, the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 104.32 at the time of writing. Pair opened at 104.04 and is trading with a change of 0.27 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 104.32 |
| 1 | Today Daily Change | 29.00 |
| 2 | Today Daily Change % | 0.27 |
| 3 | Today daily open | 104.04 |
The pair is trading above its 20 Daily moving average @ 103.16, above its 50 Daily moving average @ 102.39 , above its 100 Daily moving average @ 102.92 and below its 200 Daily moving average @ 105.45
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 103.16 |
| 1 | Daily SMA50 | 102.39 |
| 2 | Daily SMA100 | 102.92 |
| 3 | Daily SMA200 | 105.45 |
The previous day high was 104.09 while the previous day low was 103.38. The daily 38.2% Fib levels comes at 103.82, expected to provide support. Similarly, the daily 61.8% fib level is at 103.65, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 103.58, 103.13, 102.87
- Pivot resistance is noted at 104.29, 104.54, 105.0
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 104.09 |
| Previous Daily Low | 103.38 |
| Previous Weekly High | 104.70 |
| Previous Weekly Low | 103.38 |
| Previous Monthly High | 104.70 |
| Previous Monthly Low | 101.03 |
| Daily Fibonacci 38.2% | 103.82 |
| Daily Fibonacci 61.8% | 103.65 |
| Daily Pivot Point S1 | 103.58 |
| Daily Pivot Point S2 | 103.13 |
| Daily Pivot Point S3 | 102.87 |
| Daily Pivot Point R1 | 104.29 |
| Daily Pivot Point R2 | 104.54 |
| Daily Pivot Point R3 | 105.00 |
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