The Dollar Index is trading at $105.375, down 0.09%. On the 4-hour chart, the pivot point is at $105.534. Immediate resistance levels are at $105.676, $105.904, and $106.110. Support levels are $105.326, $105.159, and $105.016.
The 50-day Exponential Moving Average (EMA) is at $105.408, and the 200-day EMA is at $105.077, indicating short-term support.
The outlook remains bearish below the pivot point of $105.534. However, a break above this level could shift the bias to a bullish trend.
Arslan, a webinar speaker and derivatives analyst, has an MBA in Finance and MPhil in Behavioral Finance. He guides financial analysis, trading, and cryptocurrency forecasting. Expert in trading psychology and sentiment.