US Dollar Index Price Analysis: Recovery has further legs to go

DXY regains part of the ground lost on Wednesday’s pullback.
The surpass of monthly peaks could extend to 93.00.

Pablo Piovano FXStreet

DXY leaves behind the initial pessimism and now returns to the positive ground in the 92.50 zone.

The prospects for the dollar keep pointing to further gains in the short-term horizon. That said, if monthly tops around 92.85 are cleared, then the door should open to a quick move to 93.00 ahead of the so far 2021 highs near 93.50 recorded in late March.

In the meantime, and looking at the broader scenario, the constructive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.37.

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.5
Today Daily Change	26
Today Daily Change %	0.14
Today daily open	92.37

Trends
Daily SMA20	92.19
Daily SMA50	91.01
Daily SMA100	91.37
Daily SMA200	91.38

Levels
Previous Daily High	92.83
Previous Daily Low	92.35
Previous Weekly High	92.85
Previous Weekly Low	92
Previous Monthly High	92.45
Previous Monthly Low	89.66
Daily Fibonacci 38.2%	92.53
Daily Fibonacci 61.8%	92.65
Daily Pivot Point S1	92.2
Daily Pivot Point S2	92.04
Daily Pivot Point S3	91.72
Daily Pivot Point R1	92.68
Daily Pivot Point R2	93
Daily Pivot Point R3	93.16

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 climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

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.