DXY

The Dollar Index Managed to Close Last Week with an Increase as the Fed should reiterate a relatively optimistic discourse on disinflation and indicate monetary easing in the future. This week, the interest rate decisions of the central banks in the US, UK and Japan and the leading PMI data from Germany, UK, the Eurozone and the US will be followed. Technically, for the DXY, which started the day around 103,440, the 200-day moving average of 103,110 - 102,840 stands out as the support area in the short term. If this range is dropped below, the 50-day moving average may continue to retreat to 102,470. In increases, the 100-day moving average levels of 103,560 and 103,880 can be followed as resistance points. Support: 103,110-102,840 Resistance: 103,560-103,880