Connect with us

Hi, what are you looking for?

Deluxe Investment Group – Investing and Stock NewsDeluxe Investment Group – Investing and Stock News


This week, the dollar index will struggle for 103.00 level

This week, the dollar index will struggle for 103.00 level

The dollar index is struggling to break the 103.00 level.

Dollar index chart analysis

The dollar is struggling to break the 103.00 level. Today, we saw a pullback to 102.80, where we got support and returned to the zone around the 103.00 level. We could easily now see a breakout above and form a new higher high. Potential higher targets are 103.20 and 103.40 levels.

We need a pullback to the 102.80 support level for a bearish option. Then, a break below and a negative consolidation is needed to continue to the bearish side. Potential lower targets are 102.60 and 102.40 levels. Additional support could be found in the EMA50 moving average at the 102.40 level.

This week’s news that could affect the dollar is the Japanese GDP, Retail sales report, NZD interest rate, Building permission, Fed meeting and report, Philadelphia manufacturing index, and Eurozone CPI. This week is not filled with a bunch of news, but it could certainly be interesting.

The post This week, the dollar index will struggle for 103.00 level appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Florida Gov. Ron DeSantis (R) needs a massive infusion of cash in the next two months of the Republican presidential primary race to help...

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Latest News

    The United States could be on track for a Joe Biden-Donald Trump rematch in 2024, but it’s the president’s son Hunter Biden who earned...

    Latest News

    A week ago, a Jan. 6 defendant was arrested near Barack Obama’s in D.C. with what the government says was a machete, two guns...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023