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US Dollar Index Price Analysis: The 98.00 region looms closer

  • The bull run in DXY advances further north of the 200-day SMA.
  • The dollar has regained the near-term positive outlook.

DXY keeps the positive mood at the beginning of the week and continues to target the 98.00 neighbourhood and beyond in the short-term horizon.

The 100-day SMA and a Fibo retracement of the 2017-2018 drop are offering some resistance in the 97.90 region, or yearly highs.

Above this area, the index should target the 98.00 mark ahead of November’s peaks in the mid-98.00s.

DXY daily chart

 

EUR/JPY Price Analysis: Further downside could extend to 109.24

The downside in EUR/JPY has picked up extra pace after breaching the key 200-day SMA in the 120.80 region on Friday and the 100-day SMA around 120.30
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EUR/USD Price Analysis: Selling bias persists near 1.1000

The negative mood remains well and sound around EUR/USD at the beginning of the week. The recent breach of key levels (55-day, 100-day SMAs, support l
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