Welcome to Extreme Investor Network, where we provide you with expert insights and unique information on the Stock Market, trading, and all things related to Wall Street. Today, we will be discussing the latest updates on the Dollar Index (DXY), EUR/USD, and GBP/USD.
Let’s start with the Dollar Index (DXY), which is currently trading at $104.436, up 0.01%. The pivot point on the 4-hour chart is $104.542, with immediate resistance levels at $104.796, $104.997, and $105.216. Support levels stand at $104.204, $103.961, and $103.651. The 50-day EMA is $104.375, while the 200-day EMA is $104.807. An ascending triangle indicates resistance near $104.540, and a breakout above this level could lead to strong buying pressure. However, a dip below $104.54 might trigger selling activities.
Moving on to the EUR/USD pair, which is currently trading at $1.08512, down 0.08%. The pivot point on the 4-hour chart is $1.08685, with immediate resistance levels at $1.09032, $1.09216, and $1.09448. Support levels are identified as $1.08412, $1.08246, and $1.08052. The 50-day EMA stands at $1.08759, while the 200-day EMA is at $1.08252. The outlook remains bearish below $1.08685, but a breakout above this level could indicate a shift towards a bullish trend.
Lastly, let’s delve into the GBP/USD pair. Unfortunately, we seem to have encountered an issue with the technical forecast for this particular pair. However, we are constantly updating our content to provide you with the most accurate and up-to-date information available.
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