The Dollar Index (DXY) is trading at $106.052, up 0.17%. On the 4-hour chart, the pivot point is at $105.926. Immediate resistance levels are at $106.270, $106.488, and $106.673.
Immediate support is at $105.711, with further support at $105.549 and $105.373. The 50-day EMA is $105.654, while the 200-day EMA stands at $105.208.The index remains bearish below the pivot point of $105.926.
A break above this level could shift the bias to bullish, while maintaining below it may reinforce the downward trend.
EUR/USD Technical Forecast
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.