US Dollar Index Price Analysis: Extra losses remain on the table

DXY is adding to Friday’s sell off below the 92.00 yardstick.
While USD-bears remain well in control, a deeper pullback stays on the cards.

Pablo Piovano FXStreet

DXY dropped to levels last seen in April 2018 in the 91.80/75 band, opening the door for the continuation of the downtrend in the short/medium-term horizon.

That said, further losses are likely under the current bearish context, leaving the index ripe for a move further south of recent lows at 91.75. Against this, the next support of note emerges at the April 2018 low at 89.23 ahead of the March 2018 low at 88.94.

The offered stance in the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.48.

DXY weekly chart

Dollar Index Spot

Overview
Today last price	91.86
Today Daily Change	44
Today Daily Change %	-0.35
Today daily open	92.18

Trends
Daily SMA20	93.01
Daily SMA50	94.72
Daily SMA100	96.78
Daily SMA200	97.52

Levels
Previous Daily High	92.48
Previous Daily Low	92
Previous Weekly High	93.36
Previous Weekly Low	92.2
Previous Monthly High	94
Previous Monthly Low	92
Daily Fibonacci 38.2%	92.18
Daily Fibonacci 61.8%	92.29
Daily Pivot Point S1	91.96
Daily Pivot Point S2	91.74
Daily Pivot Point S3	91.48
Daily Pivot Point R1	92.43
Daily Pivot Point R2	92.69
Daily Pivot Point R3	92.91

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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