Welcome to Extreme Investor Network, where we provide unique and valuable insights into the stock market, trading, and everything related to Wall Street. Today, we are focusing on the Dollar Index (DXY), EUR/USD, and GBP/USD technical forecasts.
Dollar Index (DXY) Technical Analysis
- The Dollar Index (DXY) is currently trading at $104.307, down 0.02%.
- Pivot point set at $104.393 with immediate resistance levels at $104.555, $104.796, and $104.997.
- Immediate support levels are at $104.130, $103.955, and $103.644.
- The trend is bearish below the pivot point of $104.393. Watch for a break above for a potential shift to a bullish trend.
EUR/USD Technical Forecast
- EUR/USD is trading at $1.08351 on the 4-hour chart, down 0.05%.
- Pivot point at $1.08674 with resistance levels at $1.09033, $1.09216, and $1.09448.
- Support levels are at $1.08246, $1.08052, and $1.07818.
- Trend is bearish below the pivot point of $1.08674. Look for a break above for bullish momentum.
GBP/USD Technical Forecast
- Coming soon. Stay tuned for updates!
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