DXY

We are in the middle of the week. The classic Dollar Index is following a profile that is trying to adapt to the new negative outlook. Our main focus on the fundamental headlines will be the European Central Bank Interest Rate decision on Thursday and especially the messages to be given in President Lagarde's speech regarding the timing of the next interest rate cut. Before the ECB, we will follow the CPI data from the UK and the Eurozone, the Building Permits and Industrial Production data from the US, and the Barkin and Waller speech from Fed officials on today's calendar. The 104,010 level can be followed in intraday downward movements. If this level is dropped below, the supports of 103,830 and 103,690 may become important. In possible increases, the resistance levels of 104,430 and 104,650 will be followed. Support: 104,010-103,830 Resistance: 104,430-104,650