US Dollar Index Price Analysis: Corrective downside limited around 92.50

DXY prints 2021 highs near 93.50 earlier on Wednesday.
A corrective pullback could extend to the 200-day SMA.

Pablo Piovano FXStreet

DXY comes under some selling pressure following new YTD peaks in the 93.40/50 band recorded during early trade.

While the continuation of the uptrend looks likely in the short-term horizon, the proximity of the overbought territory could trigger some corrective moves that should be well contained around the 200-day SMA in the mid-92.00s.

If DXY manages to keep business above the latter on a sustainable basis, then the outlook should shift to constructive, at least in the near-term.

Dollar Index Spot

Overview
Today last price	93.13
Today Daily Change	34
Today Daily Change %	-0.17
Today daily open	93.29

Trends
Daily SMA20	92.06
Daily SMA50	91.17
Daily SMA100	91.05
Daily SMA200	92.53

Levels
Previous Daily High	93.35
Previous Daily Low	92.88
Previous Weekly High	92.92
Previous Weekly Low	91.71
Previous Monthly High	91.6
Previous Monthly Low	89.68
Daily Fibonacci 38.2%	93.17
Daily Fibonacci 61.8%	93.06
Daily Pivot Point S1	93
Daily Pivot Point S2	92.7
Daily Pivot Point S3	92.52
Daily Pivot Point R1	93.47
Daily Pivot Point R2	93.65
Daily Pivot Point R3	93.94

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.

EUR/USD tests nine-day EMA support near 1.1850

EUR/USD inches lower during the Asian hours on Monday, trading around 1.1870 at the time of writing. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming improving momentum. RSI has cooled from prior overbought readings but stabilizes above 50, suggesting dips could stay limited before buyers reassert control.

GBP/USD flat lines as traders await key UK macro data and FOMC minutes

The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold slides below $5,000 amid USD uptick and positive risk tone; downside seems limited

Gold attracts fresh sellers at the start of a new week and reverses a part of Friday's strong move up of over $150 from sub-$4,900 levels. The commodity slides back below the $5,000 psychological mark during the Asian session, though the downside potential seems limited amid a combination of supporting factors.

Bitcoin, Ethereum and Ripple consolidate within key ranges as selling pressure eases

Bitcoin and Ethereum prices have been trading sideways within key ranges following the massive correction. Meanwhile, XRP recovers slightly, breaking above the key resistance zone. The top three cryptocurrencies hint at a potential short-term recovery, with momentum indicators showing fading bearish signs.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.