DXY

The Classic Dollar Index continues its compression trend between 105.00 - 103.90. We are looking for an answer to the question of where the relevant band will end this week. Above 105 can be explained as positive trend confirmation, below 103.90 as a trend change. Recent movements prioritize the idea of recovery towards the 105 level. The 104,480 level can be followed in intraday downward movements. In case of falling below this level, the supports of 104,360, 104,130 and 103,990 may become important. In possible increases, 104,880, 105,040 and 105,270 will be followed as resistance levels. Support: 104,480-104,360 Resistance: 104,880-105,040