DXY

The losses in the Classic Dollar Index on the first trading day of the week caused a positive pricing reaction for EURUSD and GBPUSD pairs. However, despite the losses in the index, the expectation of a positive outlook on the 34 and 100-day exponential moving averages (104.45 - 104.78 region) continues. This still keeps the idea of a possible journey towards the October 3, 2023 peak, the 107 peak, on the agenda. In the short-term outlook, persistence above 105.55 may also be a confirmation for the journey towards the relevant target. The 105.210 level can be followed in intraday downward movements. In case of falling below this level, the supports of 105.030 and 104.890 may become important. In possible increases, 105,630 and 105,850 will be monitored as resistance levels. Support: 105,210-105,030 Resistance: 105,630-105,850