Dollar Index Analysis Technical Update 11/4/2012. Our previous dollar index update commented that the 80.00 area was part of a larger price pivot zone. This PPZ has described price on range highs and lows during early week trading. There was a small spike below this price pivot zone, down to the 20 SMA around 79.60; price has subsequently climbed back near the daily open after covering a range today of 38 pips. The days range is 69% of the Average Daily Range for the dollar index (over 60 days). Volatility has decreased this week (see the EURUSD graph below) with the EURUSD dropping to 92 pips today – the same as ... (full story)