USD Index Price Analysis: The mid-103.00s hold the downside… for now

DXY remains under pressure and adds to Thursday’s losses.
There is decent contention around the March lows near 103.50.

Pablo Piovano FXStreet

DXY keeps the bearish tone well and sound in the second half of the week.

Further loss of momentum could prompt the dollar to revisit the area of recent lows near 103.50, which appears propped up by the temporary 55-day SMA. South from here, the index could challenge the weekly low at 102.58 (February 14).

Looking at the broader picture, while below the 200-day SMA (106.64), the outlook for the greenback is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	104.19
Today Daily Change	55
Today Daily Change %	-0.25
Today daily open	104.45

Trends
Daily SMA20	104.59
Daily SMA50	103.45
Daily SMA100	104.4
Daily SMA200	106.84

Levels
Previous Daily High	104.77
Previous Daily Low	104.2
Previous Weekly High	105.89
Previous Weekly Low	104.05
Previous Monthly High	105.36
Previous Monthly Low	100.81
Daily Fibonacci 38.2%	104.42
Daily Fibonacci 61.8%	104.55
Daily Pivot Point S1	104.18
Daily Pivot Point S2	103.9
Daily Pivot Point S3	103.61
Daily Pivot Point R1	104.75
Daily Pivot Point R2	105.04
Daily Pivot Point R3	105.32

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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