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, 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.