USD Index Price Analysis: Further gains likely above 103.57

DXY resumes the upside and approaches 103.80.
Extra upside looks likely once the 200-day SMA is cleared.

Pablo Piovano FXStreet

DXY regains the smile and advances to multi-day highs past 103.70 on Monday.

If the key 200-day SMA (103.57) is surpassed, the index is expected to face more sustained gains to, initially, the weekly top of 104.21 (November 22) ahead of the transitory 100-day SMA at 104.37.

In the meantime, above the key 200-day SMA, the outlook for the index is expected to shift to bullish.

DXY daily chart

Dollar Index Spot

Overview
Today last price	103.75
Today Daily Change	69
Today Daily Change %	0.51
Today daily open	103.22

Trends
Daily SMA20	104.2
Daily SMA50	105.46
Daily SMA100	104.35
Daily SMA200	103.59

Levels
Previous Daily High	103.73
Previous Daily Low	103.11
Previous Weekly High	103.73
Previous Weekly Low	102.47
Previous Monthly High	107.11
Previous Monthly Low	102.47
Daily Fibonacci 38.2%	103.35
Daily Fibonacci 61.8%	103.5
Daily Pivot Point S1	102.98
Daily Pivot Point S2	102.74
Daily Pivot Point S3	102.37
Daily Pivot Point R1	103.6
Daily Pivot Point R2	103.97
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.

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