USD Index Price Analysis: Extra gains appear in store near term

Pablo Piovano FXStreet

- DXY extends the upside momentum near 106.00.

- Further up comes the weekly top past the 107.00 barrier.

DXY climbs to the vicinity of the 106.00 region amidst the positive price action so far this week.

In case the buying interest gathers extra pace, the index could revisit the so far November high at 107.11 (November 1) ahead of the 2023 peak of 107.34 (October 3).

In the meantime, while above the key 200-day SMA, today at 103.55, the outlook for the index is expected to remain constructive.

DXY daily chart

Dollar Index Spot

Overview
Today last price	105.79
Today Daily Change	36
Today Daily Change %	0.27
Today daily open	105.5

Trends
Daily SMA20	106.17
Daily SMA50	105.72
Daily SMA100	104.02
Daily SMA200	103.54

Levels
Previous Daily High	105.78
Previous Daily Low	105.23
Previous Weekly High	107.11
Previous Weekly Low	104.94
Previous Monthly High	107.35
Previous Monthly Low	105.35
Daily Fibonacci 38.2%	105.57
Daily Fibonacci 61.8%	105.44
Daily Pivot Point S1	105.23
Daily Pivot Point S2	104.96
Daily Pivot Point S3	104.69
Daily Pivot Point R1	105.78
Daily Pivot Point R2	106.05
Daily Pivot Point R3	106.32

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 recedes to daily lows near 1.1770

EUR/USD is losing some momentun, easing to daily troughs around 1.1770 on turnaround Tuesday. The pair’s pullback comes amid solid gains in the US Dollar, all amid lingering uncertainty around US tariffs ahead of comments from Fed officials.

GBP/USD comes under pressure below 1.3500, focus on BoE

GBP/USD is on the defensive again on Tuesday, hovering below the 1.3500 mark as the Greenback stages a firm rebound after two soft sessions. Investors, in the meantime, are expected to closely follow BoE official’s comments later in the day.

Gold fades the advance, back to $5,100

Gold is giving back a good portion of the recent multi-day rally, receding to the boundaries of the $5,100 region per troy ounce amid the marked rebound in the Greenback. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.