DXY Technical Analysis: Positive outlook remains in place as long as 95.00 holds

• The greenback has eroded its initial gains to the proximity of 95.60 following positive comments from EU’s M.Barnier on the Brexit negotiation.
• Critical support emerges at the 95.00 neighbourhood, where converge the 10-day SMA, 55-day SMA and the key short-term support line off June’s low at 93.71.
• The loss of this area should bring back recent lows around 94.45 to the fore ahead of July’s low around the 94.00 milestone.

DXY daily chart

Daily high: 95.57

Daily low: 95.03

Support Levels

S1: 95.04

S2: 94.67

S3: 94.46

Resistance Levels

R1: 95.62

R2: 95.83

R3: 96.20