The Dollar Index (DXY) is trading at $104.056, showing no significant change. The pivot point is $104.121, marking a critical level for today’s session. Immediate resistance is at $104.291, with further resistance levels at $104.459 and $104.709.
On the downside, immediate support is found at $103.887, followed by $103.730 and $103.571.
Technical indicators show the 50-Day Exponential Moving Average (EMA) at $104.389 and the 200-Day EMA at $104.764, suggesting a bearish trend below the pivot point. A break above $104.121 could indicate a shift to a more bullish bias.
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.