The Dollar Index is trading at $103.241, marking a 0.36% increase. The index is positioned just below the pivot point of $103.298, indicating cautious optimism in the market.
Immediate resistance is at $103.568, with further resistance levels at $103.960 and $104.450. Support levels are set at $102.710, $102.153, and $101.820. The 50-day EMA at $103.620 and the 200-day EMA at $104.363 suggest a bullish trend.
However, a break below $102.710 could trigger significant selling pressure.
EUR/USD Technical Forecast
EUR/USD Price Chart – Source: Tradingview
The EUR/USD is trading at $1.09103, down 0.14%, reflecting a bearish sentiment as it stays below the pivot point at $1.09326. Immediate resistance is at $1.09632, with additional resistance levels at $1.09983 and $1.10270.
Support is positioned at $1.08925, $1.08663, and $1.08185, suggesting potential areas of further decline. The 50-day EMA is at $1.08826, and the 200-day EMA is at $1.08433, indicating downward pressure.
The outlook remains bearish below $1.09326, and a break above this level could shift momentum to a bullish bias.
