USD Index Price Analysis: Constructive stance seen above the 200-day SMA

DXY resumes the upside and advances to new highs near 103.70
Further gains now appear likely above the 200-day SMA.

Pablo Piovano FXStreet

DXY leaves behind Thursday’s small downtick and climbs to new multi-week tops near 103.70 at the end of the week.

In the meantime, the index maintains the bullish view well in place with the immediate hurdle now emerging at the May top of 104.69 (May 31) ahead of the 2023 peak of 105.88 (March 8).

It is worth noting that this area of monthly highs appears reinforced by the proximity of the key 200-day SMA, today at 103.20.

Looking at the broader picture, a convincing breakout of the 200-day SMA should shift the outlook for the index to a more constructive one.

DXY daily chart

Dollar Index Spot

Overview
Today last price	103.48
Today Daily Change	46
Today Daily Change %	0.05
Today daily open	103.43

Trends
Daily SMA20	102.27
Daily SMA50	102.2
Daily SMA100	102.35
Daily SMA200	103.18

Levels
Previous Daily High	103.6
Previous Daily Low	103.05
Previous Weekly High	102.91
Previous Weekly Low	101.82
Previous Monthly High	103.57
Previous Monthly Low	99.57
Daily Fibonacci 38.2%	103.26
Daily Fibonacci 61.8%	103.39
Daily Pivot Point S1	103.12
Daily Pivot Point S2	102.81
Daily Pivot Point S3	102.58
Daily Pivot Point R1	103.66
Daily Pivot Point R2	103.9
Daily Pivot Point R3	104.21

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.

EUR/USD: Cautiously optimistic near 1.1550 ahead of the ECB

EUR/USD extends its weekly recovery for the third day in a row on Wednesday, navigating in a sidelined fashion around 1.1550 on the back of humble losses in the US Dollar. In the meantime, market participants continue to closely follow developments in the Middle East while slowly gearing up for the ECB gathering on Thursday.

GBP/USD is hawkish for all the wrong reasons

Pound Sterling was handed a gift on Wednesday and dropped it within the hour. A soft core reading inside the US Consumer Price Index report knocked the Dollar back just long enough for GBP/USD to reclaim the 200-day Exponential Moving Average around 1.3400, tagging session highs just beyond it before the entire move was methodically sold through the US afternoon to a close at the day's lows near 1.3350.

Gold falls to multi‑month low near $4,050 as hot US inflation boosts Fed hawkish bets

Gold price tumbles to around $4,050, the lowest since November 2025, during the early Asian session on Thursday. The precious metal extends the decline as a hot US inflation report and ongoing tensions in the Middle East fueled expectations for higher-for-longer US Federal Reserve interest rates.

Ethereum: Network activity remains elevated despite recent declines

Ethereum Active Addresses have maintained a downtrend since declining from peak levels in early February. The 14-day moving average of the metric shows that unique on-chain participation has been contracting MoM since the sharp decline in February.

From sizzle to fizzle: Tech sinks as Oil puts the Fed tail back on the table

Wall Street was not hit by one punch. It was caught between three swinging doors at the same time: a renewed technology unwind, a fresh geopolitical oil bid, and a wave of equity supply that is starting to look less like capital formation and more like a liquidity test for the entire AI complex.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.