The Dollar Index is trading at $105.226, up 0.04%. The pivot point at $105.103 is crucial for today’s trading session. Immediate resistance levels are $105.454, $105.655, and $105.892. On the downside, support is found at $104.890, $104.699, and $104.465.
Technical indicators suggest a bullish outlook. The 50-day Exponential Moving Average (EMA) is at $104.799, and the 200-day EMA stands at $104.832. The current price above these averages indicates upward momentum.
The outlook remains bullish above $105.103, but a break below this level could trigger a sharp selling 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.