The Dollar Index is trading at $104.601, up 0.01%. Key technical levels include a pivot point at $104.595. Immediate resistance is at $104.763, followed by $104.920 and $105.071. Immediate support is at $104.402, with further support at $104.258 and $104.072.
The 50-day EMA stands at $104.632, while the 200-day EMA is at $105.057. The index is bearish below the pivot point of $104.595. A break above this level could boost a bullish trend.
Arslan is a finance MBA and also holds an MPhil degree in behavioral finance. An expert in financial analysis and investor psychology, Arslan uses his academic background to bring valuable insights about market sentiment and whether instruments are likely to be overbought or oversold.