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Let’s dive into the current market trends:
The Dollar Index (DXY) is currently trading at $103.179, with a slight increase of 0.04% on the 4-hour chart. The pivot point is crucial at $103.309, as it could dictate the short-term direction of the index. Resistance levels are at $103.568, $103.960, and $104.450, while support levels are at $103.034, $102.708, and $102.163. The 50-day EMA is at $103.377, and the 200-day EMA is at $104.155. Keep an eye on the $103.309 level, as a break above could signal a shift towards a bullish trend.
Moving on to the EUR/USD pair, which is trading at $1.09205 with a 0.02% increase on the 4-hour chart. The pivot point at $1.09211 is key for determining a potential bullish trend. Immediate resistance levels are at $1.09550, $1.10094, and $1.10547, while support levels are at $1.08925, $1.08647, and $1.08267. The 50-day EMA at $1.09011 provides near-term support, with the 200-day EMA at $1.08558 offering a strong base. Watch for a break below the pivot point, as it could lead to a significant sell-off.
For more in-depth analysis and market insights, stay tuned to Extreme Investor Network. Our expert team provides valuable information to help you navigate the complexities of the Stock Market and make informed investment decisions. Happy trading!