US Dollar Index Price Analysis: Interim resistance aligns at 90.62


  • DXY clings to daily gains just above the 90.0 level.
  • Further upside faces the initial hurdle around 90.60.

DXY extends the consolidative mood always around the key 90.00 neighbourhood in the second half of the week.

If the selling impulse picks up extra pace, then a re-test of the 90.00 mark should emerge on the horizon in the near-term. A breach of it should open the door to a deeper retracement to the May’s low near 89.50.

On the upside, bullish attempts remain capped by the so far weekly peaks in the 90.50/60. Above this area, a test of the 91.00 yardstick should return to the radar.

In the meantime, and looking at the broader scenario, while below the 200-day SMA, today at 91.57 the outlook for the buck is forecast to remain negative.

DXY daily chart

EUR/USD

Overview
Today last price 1.2169
Today Daily Change 15
Today Daily Change % -0.10
Today daily open 1.2181
 
Trends
Daily SMA20 1.2186
Daily SMA50 1.2075
Daily SMA100 1.2043
Daily SMA200 1.1989
 
Levels
Previous Daily High 1.2218
Previous Daily Low 1.2171
Previous Weekly High 1.2254
Previous Weekly Low 1.2104
Previous Monthly High 1.2266
Previous Monthly Low 1.1986
Daily Fibonacci 38.2% 1.22
Daily Fibonacci 61.8% 1.2189
Daily Pivot Point S1 1.2162
Daily Pivot Point S2 1.2143
Daily Pivot Point S3 1.2115
Daily Pivot Point R1 1.2209
Daily Pivot Point R2 1.2237
Daily Pivot Point R3 1.2256

 

 

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