DXY:
The DXY chart currently displays a bearish overall momentum, indicating the potential for a bearish continuation towards the 1st support level. The 1st support at 104.86 is identified as an overlap support, which strengthens its significance as a potential level where the price could find buying interest. Moreover, the 2nd support at 104.40 is also considered an overlap support, and it exhibits a confluence with the 61.80% Fibonacci Projection, indicating strong technical support. This makes it a crucial level to watch for potential reversals or price reactions. On the resistance side, the 1st resistance at 105.81 is categorized as an overlap resistance, suggesting it may act as a level where the price encounters selling pressure. Furthermore, the 2nd resistance at 106.88 is noted as a multi-swing high resistance, adding to its significance as a potential barrier to the price’s upward movement. Intermediate support at 105.39 is identified as a pullback support, providing an additional area to monitor for potential price reactions.
EUR/USD:
The EUR/USD chart currently has a bullish overall momentum, indicating the potential for a bullish continuation towards the 1st resistance level. The 1st support at 1.0664 is identified as an overlap support and coincides with the 38.20% Fibonacci Retracement level, making it a significant level where buyers may step in. Additionally, the 2nd support at 1.0606 aligns with the 61.80% Fibonacci Retracement level, further reinforcing its potential as a strong support level. On the resistance side, the 1st resistance at 1.0758 is categorized as a multi-swing high resistance, suggesting it may act as a level where the price encounters selling pressure. Furthermore, the 2nd resistance at 1.0835 is noted as a pullback resistance, indicating it could be a level where the price faces obstacles in its upward movement.
… (additional pairs follow with similar HTML tags)
