US Dollar Index Price Analysis: Tough barrier emerges around 94.00

DXY’s recovery faltered just ahead of the key 94.00 barrier.
The reversion of the bullish attempt should target the 92.50 area.

Pablo Piovano FXStreet

DXY keeps struggling to advance further north of the monthly tops in the 94.00 neighbourhood so far this week.

The inability of the index to surpass this area of resistance in the (very) short-term could motivate sellers to return to the markets. In that scenario, the focus of attention is expected to re-shift to the YTD lows in the mid-92.00s.

The bearish view on the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.85.

DXY daily chart

Dollar Index Spot

Overview
Today last price	93.54
Today Daily Change	42
Today Daily Change %	-0.13
Today daily open	93.66

Trends
Daily SMA20	94.18
Daily SMA50	95.84
Daily SMA100	97.73
Daily SMA200	97.89

Levels
Previous Daily High	93.74
Previous Daily Low	93.16
Previous Weekly High	94
Previous Weekly Low	92.5
Previous Monthly High	97.64
Previous Monthly Low	92.55
Daily Fibonacci 38.2%	93.52
Daily Fibonacci 61.8%	93.39
Daily Pivot Point S1	93.3
Daily Pivot Point S2	92.94
Daily Pivot Point S3	92.72
Daily Pivot Point R1	93.88
Daily Pivot Point R2	94.1
Daily Pivot Point R3	94.46

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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