The U.S. dollar index (DXY) is currently trading at $103.756, up 0.05%. The pivot point is $103.658. Key resistance levels are at $103.892, $104.129 and $104.455. Immediate support is found at $103.383, $103.195, and $103.019.
The 50-day exponential moving average (EMA) is $104.439 and the 200-day exponential moving average is $104.952. These indicators point to a bullish trend above $103.658.
A break below this level could trigger a significant selling trend that could push the price towards lower support. Monitoring these key levels will be critical for future movements.
EURUSD Technical Forecast
EURUSD is currently trading at $1.09358, down slightly by 0.05%. Key levels to watch include the pivot point at $1.09242. Immediate resistance is seen at $1.09598, $1.09778, and $1.09955, which may limit any upward movement. On the downside, immediate support levels are $1.09059, $1.08752 and $1.08594.
Technical indicators of note are the 50-day exponential moving average (EMA) at $1.09029 and the 200-day EMA at $1.08351. These moving averages highlight current trend dynamics.
The bullish outlook continues above the pivot point at $1.09242. However, a break below this level could trigger a sharp selling trend leading to further declines.
