US Dollar Index Price Analysis: Extra decline on the cards below 105.00

DXY keeps the erratic performance unchanged so far this week.
The resumption of the bearish mood could retest 105.00.

Pablo Piovano FXStreet

DXY advances modestly following the previous day’s strong pullback on Friday.

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 99.74.

Dollar Index Spot

Overview
Today last price	105.78
Today Daily Change	31
Today Daily Change %	0.00
Today daily open	105.78

Trends
Daily SMA20	106.92
Daily SMA50	105.18
Daily SMA100	103.22
Daily SMA200	99.7

Levels
Previous Daily High	106.52
Previous Daily Low	105.67
Previous Weekly High	107.43
Previous Weekly Low	105.54
Previous Monthly High	109.29
Previous Monthly Low	104.69
Daily Fibonacci 38.2%	105.99
Daily Fibonacci 61.8%	106.19
Daily Pivot Point S1	105.46
Daily Pivot Point S2	105.14
Daily Pivot Point S3	104.61
Daily Pivot Point R1	106.31
Daily Pivot Point R2	106.84
Daily Pivot Point R3	107.15

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 gathers traction, approaches 1.1800

EUR/USD manages to reverse Tuesday’s pullback, advancing to two-day highs near the 1.1800 hurdle in the latter part of Wednesday’s session. The pair’s decent uptick comes on the back of the modest retracement in the US Dollar, as investors continue to closely follow developments on the trade front and news from the White House in the wake of President Trump’s SOTU speech.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

Crypto Today: Bitcoin, Ethereum, XRP test rebound strength as ETF inflows return

Bitcoin, Ethereum and Ripple are gaining traction at the time of writing on Wednesday, amid persistent market doldrums. The Crypto King is up over 2% intraday, trading above $65,000 from the day’s opening of $64,058.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.