DXY

On the first trading day of the week, the losses in the Classic Dollar Index caused a positive pricing reaction for the 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 of 107 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 105.510 level can be followed in intraday downward movements. If this level is dropped, the supports of 105.230 and 104.890 may become important. In possible increases, 105,930 and 106,150 will be monitored as resistance levels. Support: 105,510-105,230 Resistance: 105,930-106,150