US Dollar Index Price Analysis: A test of 101.00 still stays on the cards

DXY keeps consolidating the breakout of the 100.00 mark.
A surpass of 100.56 should put 101.00 back on the radar.

Pablo Piovano FXStreet

DXY keeps navigating the upper end of the monthly range above the 100.00 mark and approaches the tough barrier in the 100.50 area, where converge May tops and a Fibo retracement (of the 2017-2018 drop).

A clear breakout of this key hurdle is expected to pave the way for another visit to the April peaks in the 101.00 neighbourhood.

On the broader picture, the 200-day SMA – today at 98.43 – continues to underpin the constructive outlook in the dollar for the time being.

DXY daily chart

Dollar Index Spot

Overview
Today last price	100.24
Today Daily Change	22
Today Daily Change %	-0.04
Today daily open	100.28

Trends
Daily SMA20	99.92
Daily SMA50	99.62
Daily SMA100	98.78
Daily SMA200	98.44

Levels
Previous Daily High	100.56
Previous Daily Low	100.15
Previous Weekly High	100.4
Previous Weekly Low	99.24
Previous Monthly High	100.93
Previous Monthly Low	98.81
Daily Fibonacci 38.2%	100.4
Daily Fibonacci 61.8%	100.31
Daily Pivot Point S1	100.1
Daily Pivot Point S2	99.92
Daily Pivot Point S3	99.68
Daily Pivot Point R1	100.51
Daily Pivot Point R2	100.75
Daily Pivot Point R3	100.93

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 slumps below 1.1750 as USD benefits from risk-aversion

EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold surges on safe-haven demand, closes in on $5,400

Gold benefits from intense risk-aversion on Monday and climbs toward $5,400, setting a fresh monthly-high in the process. Tensions in the Middle East remain high as Israel and Hezbollah continue to exchange strikes following the US-Israel joint attack on Iran over the weekend.

Bitcoin, Ethereum and Ripple under pressure as key supports face breakdown risk

Bitcoin, Ethereum, and Ripple prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a crack of the trendline.

The market is paying for insurance, not apocalypse

As expected, this morning felt less like a Monday market open and more like a fire drill. Futures screens flickered red. S&P contracts down almost 1%. Nasdaq off 1.2%. Brent leaped 13% through $80. Gold rose 1.6% toward $5350 before paring some gains. The dollar is strutting mildly. The Swiss franc is quietly doing what it always does in a storm, catching some safe-haven flows.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.