USD Index Price Analysis: Extra losses could test 104.63

The index remains well on the defensive and breaks below 105.00.
The continuation of the downside could drop to the August low.

Pablo Piovano FXStreet

DXY extends the leg lower to the area below the 105.00 level for the first time since mid-August.

The continuation of the selling pressure could motivate the dollar to shed further ground and challenge the August low at 104.63 (August 10) in the short-term horizon.

Below the 200-day SMA at 105.51, the dollar’s outlook should remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	104.98
Today Daily Change	104
Today Daily Change %	-0.96
Today daily open	106

Trends
Daily SMA20	106.57
Daily SMA50	109.56
Daily SMA100	109.23
Daily SMA200	105.96

Levels
Previous Daily High	107.2
Previous Daily Low	105.78
Previous Weekly High	108
Previous Weekly Low	105.63
Previous Monthly High	113.15
Previous Monthly Low	105.32
Daily Fibonacci 38.2%	106.32
Daily Fibonacci 61.8%	106.66
Daily Pivot Point S1	105.45
Daily Pivot Point S2	104.9
Daily Pivot Point S3	104.03
Daily Pivot Point R1	106.87
Daily Pivot Point R2	107.75
Daily Pivot Point R3	108.29

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.

GBP/USD slips back below 1.3200

GBP/USD remains well on the defensive, sliding to the sub-1.3200 area once again on Tuesday. Cable’s decline comes as investors assess the political uncertainty in the UK, coupled with softer-than-expected UK PMI data and the better tone in the Greenback.

EUR/USD breaks below 1.1400 to hit fresh 2026 lows

EUR/USD comes under fresh and strong selling pressure on Tuesday, slipping below 1.1400 to its weakest level since June 2025. Mixed PMIs readings from Germany and the Eurozone offered little support to the single currency, while a risk-off tone across markets and stronger-than-expected US data boosted demand for the US Dollar.

Gold drops to multi-day lows, focus is now on $4,000

Gold rapidly reverses Monday's bounce and is trading sharply lower on Tuesday. The yellow metal, however, manages well to keep business above the $4,100 mark per troy ounce despite a firmer US Dollar and expectations that the Fed will keep rates higher for longer.

MiCA regulations could be the next bullish catalyst for crypto – Georg Harer, co-CEO at Bybit EU

The cryptocurrency market is losing momentum and liquidity due to the lack of a bullish catalyst. In an exclusive interview with FXStreet, Georg Harer, co-CEO at Bybit EU, says that the Markets in Crypto-Assets (MiCA) regulations could inject liquidity into the crypto market from traditional fund houses.

"Rearranging the deckchairs on the Titanic": UK's fiscal crisis outlasts another Prime Minister

Keir Starmer's resignation as the UK Prime Minister comes ten years after the Brexit referendum vote, a coincidence that financial markets have been quick to note. The British Pound trades around 1.3220 against the US Dollar on Thursday.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.