EURUSD turns lower after failing at key resistance – eyes support at MAs https://t.co/2fsg7ncI05
$DXY < 101
DXY reversed right on the 50 day last week, extending the move lower today as we approach the big 100 level. A close below that area and 99/recent lows risk coming into play. Source: LSEG Workspace https://t.co/EmTWaMcJfB
The U.S. Dollar Index (DXY) has fallen to a 10-day low of 100.186 amid ongoing downward momentum. The index dropped approximately 0.8% on the morning of May 19, 2025, and has continued to decline, testing a key support level around 100. Analysts note that the DXY reversed direction near its 50-day moving average last week and is approaching a critical support zone at the 100 level. A close below this threshold could expose the index to further declines toward recent lows near 99. Concurrently, the euro-dollar exchange rate (EURUSD) has turned lower after failing to break through a key resistance level, with market participants now watching for support at moving averages.
