US Dollar Index Price Analysis: Decent contention remains around 105.00

DXY fades part of the Friday’s strong advance and returns to 106.30.
Further weakness could see recent lows near 105.00 revisited.

Pablo Piovano FXStreet

DXY comes under pressure on Monday and partially reverses Friday’s gains to the proximity of 107.00.

The continuation of the selling pressure could facilitate a deeper pullback to, initially, the August low near 105.00 (August 2). This area of initial contention appears reinforced by the 55-day SMA.

The short-term constructive stance is expected to remain supported by the 6-month support line, today near 104.30.

Furthermore, the broader bullish view in the dollar remains in place while above the 200-day SMA at 99.81.

EUR/JPY

Overview
Today last price	137.38
Today Daily Change	-0.12
Today Daily Change %	-0.09
Today daily open	137.5

Trends
Daily SMA20	138.23
Daily SMA50	139.89
Daily SMA100	137.93
Daily SMA200	133.8

Levels
Previous Daily High	137.76
Previous Daily Low	135.8
Previous Weekly High	137.76
Previous Weekly Low	133.4
Previous Monthly High	142.43
Previous Monthly Low	135.55
Daily Fibonacci 38.2%	137.01
Daily Fibonacci 61.8%	136.55
Daily Pivot Point S1	136.28
Daily Pivot Point S2	135.06
Daily Pivot Point S3	134.32
Daily Pivot Point R1	138.24
Daily Pivot Point R2	138.98
Daily Pivot Point R3	140.2

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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