US Dollar Index Technical Analysis: DXY at five-day lows, challenges the 98.00 handle.

DXY is ending the week with a slump to the 98.00 handle.
The next relevant support is seen at the 97.80 level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DMAs). This Friday the Greenback declined to its lowest in five-days.

DXY 4-hour chart

DXY is trading below the 50 and 200 SMAs, suggesting a bearish bias in the medium term. A break below the 98.00 handle can lead to further weakness to the 97.80 support level.

DXY 30-minute chart

DXY is down for the second consecutive day while trading below its main SMAs. The bias is currently bearish in the short term and resistances are seen at the 98.00, 98.10 and 98.20 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.99
Today Daily Change	-0.17
Today Daily Change %	-0.17
Today daily open	98.16

Trends
Daily SMA20	97.77
Daily SMA50	98.29
Daily SMA100	98
Daily SMA200	97.56

Levels
Previous Daily High	98.42
Previous Daily Low	98.11
Previous Weekly High	98.4
Previous Weekly Low	97.17
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	98.23
Daily Fibonacci 61.8%	98.3
Daily Pivot Point S1	98.04
Daily Pivot Point S2	97.92
Daily Pivot Point S3	97.73
Daily Pivot Point R1	98.35
Daily Pivot Point R2	98.54
Daily Pivot Point R3	98.66

Author

Flavio Tosti

Independent Analyst

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