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fxJun 24, 2026, 6:57 AM

DXY Holds Above 101.50, Overbought RSI Points to Pullback Risk

The US Dollar Index (DXY) is trading near 101.50 in early European hours, but overbought RSI signals suggest a potential corrective decline.

DXY

The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, is holding above the 101.50 level during early European trading.

Technical indicators show that the Relative Strength Index (RSI) has entered overbought territory, which historically has preceded a short-term pullback for the dollar. The current price action suggests the index may face resistance near the 101.50-101.80 zone.

Traders are watching for a possible move lower if the dollar fails to maintain support above 101.50.

Source: FXStreet Forex News