US Dollar Index Price Analysis: Room for a move below 91.00

DXY keeps navigating in a soft note around the 91.00 zone.
Bets for a convincing break below 91.00 remain on the rise.

Pablo Piovano FXStreet

DXY adds to Wednesday’s losses and returns to the 91.00 neighbourhood ahead of the ECB event later on Thursday.

Wednesday’s failed bullish attempt now exposes further consolidation and a potential break below the 91.00 support, including another visit to the recent lows near 90.80 (Tuesday).

A deeper pullback could even see the psychological 90.00 yardstick retested in the short-term horizon ahead of the February lows in the 89.70/65 band.

Below the 200-day SMA (92.11) the outlook for DXY is expected to remain on the negative side.

DXY daily chart

Dollar Index Spot

Overview
Today last price	91.05
Today Daily Change	20
Today Daily Change %	-0.08
Today daily open	91.12

Trends
Daily SMA20	92.23
Daily SMA50	91.62
Daily SMA100	91.02
Daily SMA200	92.14

Levels
Previous Daily High	91.43
Previous Daily Low	91.09
Previous Weekly High	92.34
Previous Weekly Low	91.49
Previous Monthly High	93.44
Previous Monthly Low	90.63
Daily Fibonacci 38.2%	91.22
Daily Fibonacci 61.8%	91.3
Daily Pivot Point S1	91
Daily Pivot Point S2	90.87
Daily Pivot Point S3	90.66
Daily Pivot Point R1	91.34
Daily Pivot Point R2	91.55
Daily Pivot Point R3	91.68

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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