US Dollar Index Technical Analysis: Greenback losing steam near the 95.00 figure post-FOMC minutes

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is evolving in a bull trend above the 200 SMA.
DXY broke below the 100 SMA and the 96.00 figure.
The dovish FOMC minutes didn’t have a significant impact on the currency market.

DXY 4-hour chart

DXY is now holding above the 95.00 figure, its lowest point in more than 2 months.

DXY 30-minute chart

The US Dollar sell-off might have run its course and bulls are expected to come back and drive the market to 95.60 and 96.00 if they gather enough steam.

Additional key levels

Dollar Index Spot

Overview:
    Today Last Price: 95.19
    Today Daily change: -73 pips
    Today Daily change %: -0.761%
    Today Daily Open: 95.92
Trends:
    Previous Daily SMA20: 96.69
    Previous Daily SMA50: 96.77
    Previous Daily SMA100: 96
    Previous Daily SMA200: 94.79
Levels:
    Previous Daily High: 96.03
    Previous Daily Low: 95.69
    Previous Weekly High: 96.96
    Previous Weekly Low: 95.82
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Previous Daily Fibonacci 38.2%: 95.9
    Previous Daily Fibonacci 61.8%: 95.82
    Previous Daily Pivot Point S1: 95.73
    Previous Daily Pivot Point S2: 95.54
    Previous Daily Pivot Point S3: 95.39
    Previous Daily Pivot Point R1: 96.07
    Previous Daily Pivot Point R2: 96.22
    Previous Daily Pivot Point R3: 96.41

Author

Flavio Tosti

Independent Analyst

EUR/USD struggles aroound 1.1800 as USD stabilizes

EUR/USD stays defensive around 1.1800 in the European session on Thursday. The US Dollar stabilizes, following the recent decline led by tariff uncertainty, capping the pair's upside. All eyes now remain on the US-Iran nuclear talks after ECB President Lagarde's testimony fails to impress Euro bulls.

GBP/USD drops toward 1.3500 as USD finds fresh demand

GBP/USD falls back toward 1.3500 in the European session on Thursday, snapping its recovery momentum. The pair loses traction as the US Dollar finds fresh demand, as markets turn cautious ahead of the US-Iran nuclear talks. The US trade policy uncertainty also remains a drag on risk sentiment.

Gold clings to gains amid sustained safe-haven flows ahead of US-Iran talks

Gold sticks to its modest intraday gains through the first half of the European session on Thursday, with bulls still awaiting a sustained move and acceptance above the $5,200 mark before placing fresh bets.

Stellar: Relief bounce fades as bearish undertone persists

Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.

The one thing everyone is on the lookout for is US action of some sort against Iran

The FX market is minestrone soup these days. It is befuddled by conflicting data, rumors and small stories exaggerated out of proportion, and Trump-generated uncertainty.

Solana strikes key resistance with double-digit gains

Solana trades at $88 at press time on Thursday, after an 11% upswing the previous day within a broader consolidation range of roughly three weeks. Institutional demand for Solana heightens as US spot SOL Exchange Traded Funds record $30 million of inflow on Wednesday.