DXY

The Classic Dollar Index continues its course below the 104.50 - 105.00 range, which represents the 34 and 100-day averages, with the ending uptrend we base it on. This attitude is a supportive development for the positive reaction of EURUSD and GBPUSD. In particular, pricing below 103.25 may further strengthen the relevant thought. Otherwise, a squeeze between 103.25 - 105.00 may be observed for a while. The 103.910 level can be followed in intraday downward movements. In case of falling below this level, the supports of 103.830 and 103.690 may become important. In possible increases, the resistance levels of 104.230 and 104.450 will be monitored. Support: 103.910-103.830 Resistance: 104.230-104.450