DXY

For the Classic Dollar Index, a quieter start to the week can be observed today due to the Memorial Day holiday in the US. The IFO Business Climate Index from Germany and the speech of FOMC Member Williams from the US can be explained as intraday developments. It is trying to decide whether to continue the uptrend with its course between 105.00 - 103.90. The possible permanent movements of the index outside the relevant region in this process are also very important in order to interpret the short-term roadmap of the EURUSD and GBPUSD parity. Above 105.00 can be explained as positive trend continuity, below 103.90 as trend change. In intraday downward movements, the 104.600 level can be followed. If this level is broken, the support levels of 104,460, 104,310 and 104,090 may become important. In case of possible increases, the resistance levels of 104,980, 105,110 and 105,370 will be monitored. Support: 104,600-104,460 Resistance: 104,980-105,110