US Dollar Index technical analysis: DXY remains under pressure below the 98.10 resistance

DXY (US Dollar Index) is recovering after the sharp Friday’s decline.
The levels to beat for bears are at 97.95 and 97.85.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) trading in a bull trend above the main daily simple moving averages (DSMAs). The market is consolidating the sharp drop seen last Friday.

DXY 4-hour chart

DXY remains under pressure below 98.10 and the 50 SMA. Bears will need to clear 97.95/85 and 97.70 support if they want to create a meaningful breakdown towards the 97.20 level.

DXY 30-minute chart

The Greenback is trading below a downward sloping 100/200 SMAs, suggesting bearish momentum in the short term. The main resistance to break for bulls is the 98.10 level.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.95
Today Daily Change	0.28
Today Daily Change %	0.29
Today daily open	97.67

Trends
Daily SMA20	97.97
Daily SMA50	97.39
Daily SMA100	97.44
Daily SMA200	97.01

Levels
Previous Daily High	98.45
Previous Daily Low	97.59
Previous Weekly High	98.45
Previous Weekly Low	97.59
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	97.92
Daily Fibonacci 61.8%	98.12
Daily Pivot Point S1	97.36
Daily Pivot Point S2	97.04
Daily Pivot Point S3	96.5
Daily Pivot Point R1	98.22
Daily Pivot Point R2	98.76
Daily Pivot Point R3	99.08

Author

Flavio Tosti

Independent Analyst

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