The DXY price is trading in red right now at 91.98 level above 91.91 today’s low. The index is vulnerable to slide further as long as it stays under strong obstacles. DXY’s further decline forces the USD to depreciate further versus its rivals. –Are you interested to learn more about automated forex trading? Check our detailed guide- Unfortunately for the dollar, the ISM Manufacturing PMI dropped unexpectedly from 60.6 to 59.5 points. The analysts have expected an increase to 60.8 points. Instead, the Final Manufacturing PMI increased from 63.1 to 63.4 points, the Construction Spending registered only a 0.1% growth versus 0.4% expected, while the ISM Manufacturing Prices dropped from 92.1 to 85.7 below the 87.9 estimates. The US Non-Farm Payrolls, Average Hourly Earnings, Unemployment Rate, ADP Non-Farm Employment Change, and the ISM Services PMI could change the sentiment during the week. These high impact events, data could shake the markets. DXY price technical analysis: Will bears dominate? The DXY stays around the 92.00 psychological level. So technically, jumping and stabilizing above the descending pitchfork’s median line (ml) could signal that the correction is over. However, it has found support on the 38.2% retracement level, so only a valid breakdown through this level could really validate further drop. Get FREE Forex Signals Now! DXY 4-hour price chart The pressure remains high as long as it stays under the median line (ml). The next major downside target is seen at 91.51 and at the lower median line (LML). Failing to drop towards the weekly S1 (91.59) signals a potential bullish fly above the weekly pivot point (92.27). –Are you interested to learn more about forex trading apps? Check our detailed guide- A new lower low signals a broader corrective phase, while making a new high could announce a new leg higher. DXY’s drop was expected after escaping from the Rising Wedge pattern. Staying above the 38.2% level could signal that we had only a temporary decline and that the index may come back towards the 93.00 psychological level. Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex News Today: Daily Trading News share Read Next EUR/USD Price Forecast: Placing a Buy Limit at $1.1845 Ali B. 1 year The DXY price is trading in red right now at 91.98 level above 91.91 today's low. The index is vulnerable to slide further as long as it stays under strong obstacles. DXY's further decline forces the USD to depreciate further versus its rivals. -Are you interested to learn more about automated forex trading? Check our detailed guide- Unfortunately for the dollar, the ISM Manufacturing PMI dropped unexpectedly from 60.6 to 59.5 points. The analysts have expected an increase to 60.8 points. Instead, the Final Manufacturing PMI increased from 63.1 to 63.4 points, the Construction Spending registered only a 0.1% growth… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.