US Dollar Index technical analysis: DXY loses steam, trades below the 98.42 level

The Greenback is losing steam this Tuesday as the bears broke below the 98.42 level.
Investors will closely be watching the FOMC on Wednesday.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is in a bull trend above the main daily simple moving averages (DSMAs). DXY is losing momentum this Tuesday. Traders will be on the lookout on Thursday with the FOMC.

DXY four-hour chart

DXY is trading below the 50/100 SMAs, suggesting a consolidation in the medium term. The market seems to be headed towards 98.20 resistance and the 200 SMA.

DXY 30-minute chart

DXY is trading below the main SMAs, suggesting a bearish momentum in the near term. Immediate resistances can be seen near 98.42 and 98.55 price levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.34
Today Daily Change	-0.30
Today Daily Change %	-0.30
Today daily open	98.64

Trends
Daily SMA20	98.38
Daily SMA50	97.94
Daily SMA100	97.61
Daily SMA200	97.14

Levels
Previous Daily High	98.71
Previous Daily Low	98.04
Previous Weekly High	99.11
Previous Weekly Low	97.99
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.45
Daily Fibonacci 61.8%	98.3
Daily Pivot Point S1	98.22
Daily Pivot Point S2	97.79
Daily Pivot Point S3	97.55
Daily Pivot Point R1	98.89
Daily Pivot Point R2	99.13
Daily Pivot Point R3	99.56

Author

Flavio Tosti

Independent Analyst

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