Dollar index: The dollar returned to 102.00 this morning

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2023/02/shutterstock_555861163.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="U.S. dollar skyrocketed to a new high. What about euro? " decoding="async" loading="lazy" /></div><h1><b>Dollar index: The dollar returned to 102.00 this morning</b></h1>
<ul>
<li aria-level="1">During the Asian trading session, the dollar index moved in the 101.60-101.80 range</li>
</ul>
<h2><b>Dollar index chart analysis</b></h2>
<p>During the Asian trading session, the dollar index moved in the 101.60-101.80 range. At the beginning of the EU session, the dollar gets a bullish impulse and rises to the 102.00 level. After that, we see a pullback of the 101.80 level. It is possible that we could see a pullback to the 101.60 level and thus test today&#8217;s support level. The break below is the next step if we don&#8217;t get his support. Potential lower targets are 101.40 and 101.20 levels.</p>
<p>We need a new positive consolidation and a return to the 102.00 level for a bullish option. Then we need to break above and try to stay up there. With a new impulse, the dollar would start a continuation of the <a href="https://www.financebrokerage.com/teslas-stock-shows-signs-of-recovery-amid-volatility/">recovery</a>. Potential higher targets are 102.20 and 102.40 levels.</p>
<p>On Wednesday, the FED raised the interest rate from 5.25% to 5.50%, and that news negatively impacted the index, lowering it to 100.50 levels. While the news about raising the ECB interest rate from 4.00% to 4.25% boosted the dollar and pushed it to this morning&#8217;s level. Additional support for the dollar is also leaving the BoJ and their interest rates at the same level at -0.10%.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-215117 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/tFKy6SQu-1024×621.jpg" alt="Dollar index chart analysis" width="1024" height="621" /></p>
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