USD Index Price Analysis: A Deeper Drop Emerges Below 103.00


  • DXY puts the 103.00 region to the test once again on Monday.
  • The loss of this area could expose further retracements.
  • DXY retreats for the third consecutive session and approaches the area of three-month lows near 103.00 at the beginning of the week.In case sellers push harder, the breakdown of the November low of 103.17 should leave the door open to extra losses in the near term. That said, the loss of the weekly low of 102.93 (August 30) could put a potential visit to the psychological 100.00 mark back on the radar.In the meantime, while below the key 200-day SMA at 103.61, the outlook for the index is expected to remain bearish.
     DXY daily chart

    Dollar Index Spot

    OVERVIEW Today last price 103.32 Today Daily Change 31 Today Daily Change % -0.07 Today daily open 103.39 TRENDS Daily SMA20 104.96 Daily SMA50 105.68 Daily SMA100 104.23 Daily SMA200 103.62 LEVELS Previous Daily High 103.84 Previous Daily Low 103.35 Previous Weekly High 104.22 Previous Weekly Low 103.18 Previous Monthly High 107.35 Previous Monthly Low 105.35 Daily Fibonacci 38.2% 103.54 Daily Fibonacci 61.8% 103.66 Daily Pivot Point S1 103.21 Daily Pivot Point S2 103.04 Daily Pivot Point S3 102.73 Daily Pivot Point R1 103.7 Daily Pivot Point R2 104.02 Daily Pivot Point R3 104.19

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