The Dollar Index is currently priced at $105.020, up 0.04%. Key levels to watch include the pivot point at $105.114. Immediate resistance is at $105.311, followed by $105.512 and $105.724. Immediate support is at $104.808, with further support at $104.626 and $104.395.
The 50-day EMA is at $104.826, and the 200-day EMA is at $104.988, indicating mixed signals. The outlook is bearish below $105.114; however, a break above this level could enhance the bullish bias.
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.