US Dollar Index Technical Analysis: The Greenback risks a test to the 21-day SMA at 98.64

The bearish sentiment remains intact around the Greenback, forcing DXY to break below the key support at 99.00 the figure.
A negative surprise at today’s Payrolls could spark further weakness towards, initially, the 21-day SMA at 98.64. This area of contention matches weekly lows recorded on Thursday.
In the meantime, while above the 55-day SMA at 98.26, the likeliness of a recovery to 99.00 and above remains well on the cards.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.87
Today Daily Change	13
Today Daily Change %	-0.09
Today daily open	98.96

Trends
Daily SMA20	98.67
Daily SMA50	98.35
Daily SMA100	97.77
Daily SMA200	97.26

Levels
Previous Daily High	99.2
Previous Daily Low	98.63
Previous Weekly High	99.31
Previous Weekly Low	98.29
Previous Monthly High	99.46
Previous Monthly Low	97.99
Daily Fibonacci 38.2%	98.85
Daily Fibonacci 61.8%	98.98
Daily Pivot Point S1	98.66
Daily Pivot Point S2	98.36
Daily Pivot Point S3	98.09
Daily Pivot Point R1	99.23
Daily Pivot Point R2	99.5
Daily Pivot Point R3	99.8

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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