USD Index Price Analysis: Extra gains target the May high near 104.80

DXY adds to Friday’s gains well north of the 104.00 barrier.
Further upside is seen revisiting the May top around 104.80.

Pablo Piovano FXStreet

DXY’s rebound picks up pace and tests 2-day highs past the 104.00 hurdle on Monday.

Considering the current price action, further advances could initially see the May top of 104.79 (May 31) revisited in the relatively near term. From here, the index could target the minor hurdle at the round level of 105.00 ahead of the crucial 200-day SMA, today at 105.56.

Looking at the broader picture, while below the 200-day SMA, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	104.32
Today Daily Change	29
Today Daily Change %	0.27
Today daily open	104.04

Trends
Daily SMA20	103.16
Daily SMA50	102.39
Daily SMA100	102.92
Daily SMA200	105.45

Levels
Previous Daily High	104.09
Previous Daily Low	103.38
Previous Weekly High	104.7
Previous Weekly Low	103.38
Previous Monthly High	104.7
Previous Monthly Low	101.03
Daily Fibonacci 38.2%	103.82
Daily Fibonacci 61.8%	103.65
Daily Pivot Point S1	103.58
Daily Pivot Point S2	103.13
Daily Pivot Point S3	102.87
Daily Pivot Point R1	104.29
Daily Pivot Point R2	104.54
Daily Pivot Point R3	105

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 looks apathetic around 1.1770

EUR/USD comes under renewed pressure on Tuesday, deflating below the 1.1800 support and reversing two consecutive days of gains. The pair’s decline follows the persistent move higher in the US Dollar, as trade uncertainty dominates the sentiment ahead of President Trump’s SOTU speech.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity

Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.

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.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.