US Dollar Index Technical Analysis: Still looks constructive above the support line at 98.14

  • DXY has broken above the multi-session sideline theme and advanced to the 98.75/80 band.
  • If the upside impulse gathers extra pace the Greenback could extend the move and attempt a test of 2019 highs near 99.40 (September 3) in the short-term horizon.
  • However, if the ECB disappoints EUR-bears today, the index faces a potential drop and test of the key support line at 98.14 ahead of the 55-day SMA at 97.74.

DXY daily chart

Dollar Index Spot

Today last price 98.62
Today Daily Change 11
Today Daily Change % -0.01
Today daily open 98.63
Daily SMA20 98.36
Daily SMA50 97.87
Daily SMA100 97.6
Daily SMA200 97.12
Previous Daily High 98.74
Previous Daily Low 98.31
Previous Weekly High 99.38
Previous Weekly Low 98.08
Previous Monthly High 99.02
Previous Monthly Low 97.21
Daily Fibonacci 38.2% 98.58
Daily Fibonacci 61.8% 98.47
Daily Pivot Point S1 98.38
Daily Pivot Point S2 98.13
Daily Pivot Point S3 97.95
Daily Pivot Point R1 98.81
Daily Pivot Point R2 98.99
Daily Pivot Point R3 99.24



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