US Dollar Index Price Analysis: Stays bearish below the 200-day SMA

DXY has managed to test the upper end of the range near 97.80 .
Above this area aligns the key 200-day SMA at 98.35.

Pablo Piovano FXStreet

DXY has resumed the upside and appears ready to challenge the upper end of the recent range near 97.80.

If bulls regain the upper hand, the next target of relevance will emerge at the area of 97.90, where coincide monthly peaks and a Fibo retracement (of the 2017-2018 drop).

As long as the 200-day SMA, today at 98.35, caps the upside, further losses are still on the table for the dollar.

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.61
Today Daily Change	34
Today Daily Change %	0.15
Today daily open	97.46

Trends
Daily SMA20	97.04
Daily SMA50	98.6
Daily SMA100	98.88
Daily SMA200	98.37

Levels
Previous Daily High	97.65
Previous Daily Low	97.11
Previous Weekly High	97.72
Previous Weekly Low	96.38
Previous Monthly High	100.56
Previous Monthly Low	97.94
Daily Fibonacci 38.2%	97.32
Daily Fibonacci 61.8%	97.44
Daily Pivot Point S1	97.17
Daily Pivot Point S2	96.87
Daily Pivot Point S3	96.63
Daily Pivot Point R1	97.7
Daily Pivot Point R2	97.94
Daily Pivot Point R3	98.23

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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