US Dollar Index technical analysis: DXY advance damaged by Tuesday’s drop, trading sub-98.38 key level

DXY (US Dollar Index) is ending Tuesday just above the 98.10 support level.
The levels to beat for bears are at 98.10 and 97.95.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) trading in a bull trend above its main daily simple moving averages (DSMAs). DXY lost momentum this Tuesday.

DXY 4-hour chart

DXY is retracing below the 98.38 level. A break below 98.11 can lead to further losses towards 97.95 and 97.85 support levels.

DXY 30-minute chart

The Greenback is trading above an upward sloping 200 SMA, suggesting bullish momentum in the short term. However, if the market is unable to surpass the 98.38 resistance, DXY is likely to decline.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.18
Today Daily Change	-0.20
Today Daily Change %	-0.20
Today daily open	98.38

Trends
Daily SMA20	97.91
Daily SMA50	97.31
Daily SMA100	97.4
Daily SMA200	97

Levels
Previous Daily High	98.39
Previous Daily Low	98.13
Previous Weekly High	98.34
Previous Weekly Low	97.32
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	98.29
Daily Fibonacci 61.8%	98.23
Daily Pivot Point S1	98.21
Daily Pivot Point S2	98.04
Daily Pivot Point S3	97.95
Daily Pivot Point R1	98.47
Daily Pivot Point R2	98.56
Daily Pivot Point R3	98.73

Author

Flavio Tosti

Independent Analyst

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