DXY

Despite the recovery it exhibited before the important headlines, the Classic Dollar Index continues its course below the 104.43 - 105.00 range, which represents the 34 and 100-day averages, with the rising trend that has ended. If the index continues to remain below the relevant region, it may want to adapt to the new negative outlook and strengthen the pressure in case it falls below the last bottom of 103.25. This attitude may support EURUSD and GBPUSD optimism. In order for our current scenario to be considered invalid, a daily close above the reference region is needed. In intraday downward movements, the 104.110 level can be followed. In case of falling below this level, the supports of 103.930 and 103.690 may become important. In possible increases, the 104.530 and 104.750 will be monitored as resistance levels. Support: 104.110-103.930 Resistance: 104.530-104.750