The Dollar Index is up by 0.16% at 105.50, hovering above the pivotal point at 105.41. Key resistance levels are at $105.89, $106.15, and $106.48, while initial support is at $105.04.
Technical analysis shows the 50-day EMA at 105.48 and the 200-day EMA at 105.20. A sustained position above 105.41 encourages bullish sentiment, while a break below it could prompt a reversal in 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.