The Dollar Index (DXY) showed minimal change, trading at 104.488, a slight 0.02% decrease. Currently, it hovers above its pivot point at 104.428, suggesting a stable outlook. Resistance levels are set at 104.736, 104.978, and 105.248, indicating potential upside barriers.
Support is found at 104.215, 104.012, and 103.775, providing critical buffers against declines. The 50-day and 200-day EMAs at 104.135 and 103.775, respectively, alongside an upward trendline, suggest a bullish sentiment above 104.428, with the risk of a sell-off if it dips below.
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.