US Dollar Index Price Analysis: Rally falters at the resistance line near 94.70

DXY’s upside momentum struggles near 94.70 on Monday.
Interim support emerges at the Fibo level at 94.20.

Pablo Piovano FXStreet

DXY is eroding part of the recent gains and recedes to the initial support around 94.20 on Monday, where is located a Fibo level (of the 2017-2018 drop).

If sellers keep pushing then there is a minor support at the 55-day SMA, today at 93.59. Further south emerges the 92.75/70 band, where converge the September 10/21 lows).

In spite of the current bounce, the bearish view on DXY is seen unchanged while below the 200-day SMA, today at 97.09.

DXY daily chart

Dollar Index Spot

Overview
Today last price	94.23
Today Daily Change	44
Today Daily Change %	-0.37
Today daily open	94.58

Trends
Daily SMA20	93.26
Daily SMA50	93.38
Daily SMA100	95.54
Daily SMA200	97.11

Levels
Previous Daily High	94.74
Previous Daily Low	94.19
Previous Weekly High	94.74
Previous Weekly Low	92.75
Previous Monthly High	94
Previous Monthly Low	92
Daily Fibonacci 38.2%	94.53
Daily Fibonacci 61.8%	94.4
Daily Pivot Point S1	94.26
Daily Pivot Point S2	93.95
Daily Pivot Point S3	93.71
Daily Pivot Point R1	94.82
Daily Pivot Point R2	95.06
Daily Pivot Point R3	95.38

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.