Dollar Index
The Dollar Index is slightly lower today, recording a decrease of 0.05% to stand at 104.226. In this 4-hour chart analysis, the pivot point is noted at 104.418. Looking ahead, the index faces resistance at 104.683, with further barriers at 104.987 and 105.283. Support levels are identified at 104.095, 103.803, and 103.527, offering critical points for potential rebounds or further declines.
Technical indicators, including the 50-Day Exponential Moving Average (EMA) at 104.294 and the 200-Day EMA at 103.696, alongside an upward trendline support at 104.200, suggest a bullish sentiment above this level. The Dollar Index’s current positioning above the 104.200 mark indicates a positive outlook, with investors advised to monitor these key technical levels for insights into future movements.
