USD Index Price Analysis: Immediate hurdle comes at 102.84

DXY regains upside traction following two daily pullbacks in a row.
There is an initial hurdle at the monthly high of 102.84.

Pablo Piovano FXStreet

DXY regains composure and reclaims the area beyond the key 102.00 hurdle at the beginning of the week.

The index manages to leave behind part of the selling pressure seen in the latter part of the week and retakes the 102.00 yardstick and beyond on Monday. The index needs to rapidly clear the so far monthly top of 102.84 (August 3) to allow for a potential move to the July top of 103.57 (July 3), which appears underpinned by the proximity of the key 200-day SMA.

Looking at the broader picture, while below the 200-day SMA (103.52) the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	102.19
Today Daily Change	42
Today Daily Change %	0.18
Today daily open	102.01

Trends
Daily SMA20	101.22
Daily SMA50	102.39
Daily SMA100	102.34
Daily SMA200	103.36

Levels
Previous Daily High	102.62
Previous Daily Low	101.74
Previous Weekly High	102.84
Previous Weekly Low	101.53
Previous Monthly High	103.57
Previous Monthly Low	99.57
Daily Fibonacci 38.2%	102.08
Daily Fibonacci 61.8%	102.28
Daily Pivot Point S1	101.63
Daily Pivot Point S2	101.25
Daily Pivot Point S3	100.76
Daily Pivot Point R1	102.51
Daily Pivot Point R2	103
Daily Pivot Point R3	103.38

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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