The Dollar Index is exhibiting a modest uptrend, currently at 105.059, with a 0.09% increase today. It is trading above its pivot point of 104.949, hinting at a bullish sentiment. The immediate resistance levels are at 105.248, 105.489, and 105.773, which could cap upward movements.
Support is found at 104.726, 104.483, and 104.216, marking potential fallback positions. The 50-day and 200-day EMAs, at 104.320 and 103.850 respectively, bolster the bullish outlook, but a fall below the pivot could switch the trend to bearish.
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.