US Dollar Index Price Analysis: Initial hurdle emerges at 101.34

DXY is struggling to add gains to the ongoing rally above 100.00.
The outlook remains positive and targets the 101.00 barrier and above.

Pablo Piovano FXStreet

DXY is trading on a choppy mood at the beginning of the week, losing some upside momentum around 100.80 although staying bid for the time being.

The continuation of the move up should target the April 2017 high at 101.34 ahead of another visit to 2020 peaks in levels just shy of 103.00 the figure.

So far, the positive outlook on the dollar remains unchanged as long as the 200-day SMA, today at 98.09, holds the downside.

DXY daily chart

Dollar Index Spot

Overview
Today last price	100.69
Today Daily Change	37
Today Daily Change %	0.05
Today daily open	100.64

Trends
Daily SMA20	99.44
Daily SMA50	98.8
Daily SMA100	98.15
Daily SMA200	98.09

Levels
Previous Daily High	100.86
Previous Daily Low	100.11
Previous Weekly High	100.86
Previous Weekly Low	98.31
Previous Monthly High	103
Previous Monthly Low	94.63
Daily Fibonacci 38.2%	100.57
Daily Fibonacci 61.8%	100.4
Daily Pivot Point S1	100.21
Daily Pivot Point S2	99.79
Daily Pivot Point S3	99.46
Daily Pivot Point R1	100.96
Daily Pivot Point R2	101.29
Daily Pivot Point R3	101.71

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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