USD Index Price Analysis: Immediately to the downside comes 103.00

DXY resumes the decline and drops to new lows.
The 103.00 zone emerges as the next support.

Pablo Piovano FXStreet

DXY leaves behind Friday’s decent advance and refocuses on the downside, clocking at the same time new multi-week lows in the 103.25/20 band on Monday.

In case the index extends the retracement, it could then put the transitory 100-day SMA around 103.00 to the test ahead of the provisional 55-day SMA at 102.52.

Looking at the broader picture, while below the 200-day SMA at 105.42 the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	103.45
Today Daily Change	46
Today Daily Change %	-0.10
Today daily open	103.55

Trends
Daily SMA20	103.66
Daily SMA50	102.52
Daily SMA100	103
Daily SMA200	105.29

Levels
Previous Daily High	103.61
Previous Daily Low	103.29
Previous Weekly High	104.4
Previous Weekly Low	103.29
Previous Monthly High	104.7
Previous Monthly Low	101.03
Daily Fibonacci 38.2%	103.49
Daily Fibonacci 61.8%	103.41
Daily Pivot Point S1	103.36
Daily Pivot Point S2	103.17
Daily Pivot Point S3	103.05
Daily Pivot Point R1	103.67
Daily Pivot Point R2	103.8
Daily Pivot Point R3	103.99

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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