The Dollar Index is trading at $104.867, down 0.04%. On the 4-hour chart, the pivot point is at $104.771. Immediate resistance levels are at $104.920, $105.165, and $105.458. Key support levels are $104.610, $104.410, and $104.258.
The 50 EMA stands at $104.790, and the 200 EMA is at $105.024, indicating a bearish trend as the price is below both EMAs. The outlook is bearish below $104.771.
A break above this level could boost bullish momentum. Conversely, maintaining below this pivot may continue to apply downward pressure on the index.
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.