US Dollar Index Technical Analysis: DXY retreats from monthly highs, trades near 98.20 level

DXY is ending Thursday at four-day lows.
Support is seen at the 98.10 and 98.00 handle.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in an uptrend above its main daily simple moving averages (DMAs). This Thursday the Greenback lost some traction and closed near 4-day lows.

DXY 4-hour chart

DXY is challenging the 98.10 support level and the 200 SMA, on the four-hour chart. The trend is still to the upside. However, a dip to the 98.00 handle cannot be ruled out. A

DXY 30-minute chart

DXY is trading below its main SMAs, suggesting a bearish bias in the short term. Resistance is seen at the 98.20, 98.30 and 98.40 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.17
Today Daily Change	-0.17
Today Daily Change %	-0.17
Today daily open	98.34

Trends
Daily SMA20	97.74
Daily SMA50	98.29
Daily SMA100	97.99
Daily SMA200	97.56

Levels
Previous Daily High	98.45
Previous Daily Low	98.29
Previous Weekly High	98.4
Previous Weekly Low	97.17
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	98.39
Daily Fibonacci 61.8%	98.35
Daily Pivot Point S1	98.27
Daily Pivot Point S2	98.2
Daily Pivot Point S3	98.11
Daily Pivot Point R1	98.43
Daily Pivot Point R2	98.52
Daily Pivot Point R3	98.59

Author

Flavio Tosti

Independent Analyst

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