US Dollar Index Price Analysis: A deeper pullback is on the table

DXY drops further and tests 32-month lows around 90.80.
Odds for further retracement remain on the rise.

Pablo Piovano FXStreet

The bearish momentum surrounding the dollar accelerates further and forces the US Dollar Index (DXY) to breach the key support at the 91.00 yardstick.

That said, extra downside remains a solid chance in the short-term horizon, with the immediate target at the psychological support in the 90.00 mark ahead of the April 2018 lows near 89.20.

In the meantime, as long as DXY trades below the 200-day SMA, today at 95.87, the offered stance is forecast to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price	90.88
Today Daily Change	26
Today Daily Change %	-0.14
Today daily open	91.01

Trends
Daily SMA20	92.3
Daily SMA50	93.05
Daily SMA100	93.25
Daily SMA200	95.92

Levels
Previous Daily High	91.5
Previous Daily Low	90.99
Previous Weekly High	92.81
Previous Weekly Low	91.76
Previous Monthly High	94.31
Previous Monthly Low	91.5
Daily Fibonacci 38.2%	91.19
Daily Fibonacci 61.8%	91.31
Daily Pivot Point S1	90.83
Daily Pivot Point S2	90.66
Daily Pivot Point S3	90.32
Daily Pivot Point R1	91.35
Daily Pivot Point R2	91.68
Daily Pivot Point R3	91.86

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.

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