GBPUSD Outlook Today

What is DXY (US Dollar Index) Price, Analysis, and Trend Today?

 


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.

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