US Dollar Index Price Analysis: Losses could accelerate below 104.60
|- DXY revisits the sub-105.00 region once again on Thursday.
- A drop below 104.60 opens the door to extra losses.
DXY remains well on the defensive and puts the 105.00 support under further pressure on Thursday.
If the selling bias picks up extra pace, the dollar risks a deeper pullback to, initially, the August low at 104.63 (August 10), just ahead of the 6-month support line, today near 104.50.
Looking at the broader scenario, the bullish view in the dollar remains in place while above the 200-day SMA at 99.98.
DXY daily chart
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