USD Index Price Analysis: Extra range bound in store

The index maintains the choppiness unchanged this week.
Further side-lined trading is likely in the short term.

Pablo Piovano FXStreet

DXY reverses Thursday’s decline to weekly lows and regains the area well north of the 103.00 barrier on Friday.

The recent price action leaves the door open to the continuation of the consolidative phase for the time being. Against that, the upper end of the range appears capped by the vicinity of the 104.00 mark, while weekly lows near 102.60 seem to emerge as a decent initial contention.

In the longer run, while below the 200-day SMA at 106.45, the outlook for the index remains negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	103.43
Today Daily Change	61
Today Daily Change %	0.21
Today daily open	103.21

Trends
Daily SMA20	102.33
Daily SMA50	103.5
Daily SMA100	106.17
Daily SMA200	106.71

Levels
Previous Daily High	103.56
Previous Daily Low	102.64
Previous Weekly High	103.01
Previous Weekly Low	100.81
Previous Monthly High	105.63
Previous Monthly Low	101.5
Daily Fibonacci 38.2%	102.99
Daily Fibonacci 61.8%	103.21
Daily Pivot Point S1	102.71
Daily Pivot Point S2	102.22
Daily Pivot Point S3	101.79
Daily Pivot Point R1	103.64
Daily Pivot Point R2	104.06
Daily Pivot Point R3	104.56

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 clings to 1.3500 amid marginal losses

GBP/USD alternates gains with losses around the 1.3500 neighbourhood on Tuesday. Indeed, Cable struggles to further extend its incipient recovery in a context of continuous instability in the Middle East and modest gains in the Greenback.

EUR/USD alternates gains with losses near 1.1540

EUR/USD navigates a tight range near 1.1550 in the latter part of Tuesday’s NA session. The US Dollar’s vacillating price action accompanies the pair while market participants gear up for the crucial US inflation data due on Wednesday.

Gold trades above $4,350; looks to US CPI for fresh impetus

Gold ticks higher during the Asian session on Wednesday, stalling the previous day's retracement slide from a two-month high. The lack of any meaningful US Dollar buying ahead of the crucial US CPI report acts as a tailwind for the bullion. Meanwhile, oil-driven inflation fears keep bets for at least one Fed rate hike in 2026 firmly on the table and might keep a lid on any meaningful upside for the non-yielding yellow metal.

Can EIP-8363 save Ethereum's ultrasound money thesis, or is the damage already done?

Over the past two years, Ethereum has faced one of its biggest challenges — its circulating supply has been in an uptrend, a direct stab at its ultrasound money thesis.

911 million shares freed: Why SpaceX rallied into its own supply

The most heavily trailed supply event of the year landed on August 6, and the SpaceX (SPCX) stock went up. Roughly 911.5 million shares held by insiders and early backers became eligible to trade, around 43% more than the entire float sold at the listing, and the freely tradable portion of the company jumped from under 5% of shares outstanding to nearly 12% in a single session.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.