What is DXY (US Dollar Index) Price, Analysis, and Trend Today?
DXY US Dollar Index Price, Analysis, and Trend Today?
On
the daily chart, the US Dollar Index is current at 108.6256. The price just hit
the first resistance. Although a strong bullish momentum was eminent a few
hours ago, a slow movement is currently in place. Having accomplished the 78.6%
Fibonacci, there is a high chance that a downward movement is expected to the
first support area around 107.45. If the
1st support is breached, the second support will be positioned
around 106.38. It implies that a bearish movement is expected in the next few
hours on US Dollar Index.
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
