US Dollar Index Price Analysis: A deeper pullback could see 93.00 retested

DXY remains on the defensive and gradually approaches 93.00.
A breach of 93.00 puts the 92.70 region back on the radar.

Pablo Piovano FXStreet

DXY navigates the area of multi-day lows in the 93.20/15 band on Tuesday, extending at the same time the recent failure at the 6-month resistance line.

A deeper pullback further south of the 93.00 neighbourhood is expected to pave the way for another visit to, initially, the mid-September lows in the 92.70 region.

While below the 200-day SMA, today at 96.80, the negative view on the dollar is expected to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price	93.17
Today Daily Change	35
Today Daily Change %	-0.27
Today daily open	93.42

Trends
Daily SMA20	93.76
Daily SMA50	93.3
Daily SMA100	94.61
Daily SMA200	96.83

Levels
Previous Daily High	93.77
Previous Daily Low	93.21
Previous Weekly High	93.91
Previous Weekly Low	93.01
Previous Monthly High	94.74
Previous Monthly Low	91.74
Daily Fibonacci 38.2%	93.42
Daily Fibonacci 61.8%	93.55
Daily Pivot Point S1	93.16
Daily Pivot Point S2	92.9
Daily Pivot Point S3	92.6
Daily Pivot Point R1	93.72
Daily Pivot Point R2	94.02
Daily Pivot Point R3	94.28

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator at 54 is edging higher, signaling improving momentum. RSI near mid-50s keeps momentum balanced. A sustained push above 60 would firm bullish control.

GBP/USD holds medium-term bullish bias above 1.3600

The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s interest-rate cut weighs on the Pound Sterling against the Greenback.

Gold sticks to gains above $5,000 as China's buying and Fed rate-cut bets drive demand

Gold surges past the $5,000 psychological mark during the Asian session on Monday in reaction to the weekend data, showing that the People's Bank of China extended its buying spree for a 15th month in January. Moreover, dovish US Federal Reserve expectations and concerns about the central bank's independence drag the US Dollar lower for the second straight day, providing an additional boost to the non-yielding yellow metal.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.