Today’s sharp sell off in the greenback is prompting DXY to recede further from recent YTD tops near 97.20 and instead to focus on the 96.00 neighbourhood. In fact, the continuation of the down move is expected to face contention at 96.04, the 50% Fibo retracement of the 2017-2018 drop. A break of this level should put the 21-day SMA at 95.92 back on the horizon. A resumption of the uptrend faces the immediate hurdle at recent peaks at 97.19, while further upside should meet the next resistance at 97.87, where converge the 61.8% Fibo retracement of the 2017-2018 drop and June 2017 peak. DXY daily chart Dollar Index Spot Overview: Last Price: 96.37 Daily change: -74 pips Daily change: -0.762% Daily Open: 97.11 Trends: Daily SMA20: 95.92 Daily SMA50: 95.3 Daily SMA100: 95.15 Daily SMA200: 93.1 Levels: Daily High: 97.2 Daily Low: 96.87 Weekly High: 96.86 Weekly Low: 95.47 Monthly High: 97.2 Monthly Low: 94.79 Daily Fibonacci 38.2%: 97.07 Daily Fibonacci 61.8%: 97 Daily Pivot Point S1: 96.92 Daily Pivot Point S2: 96.73 Daily Pivot Point S3: 96.59 Daily Pivot Point R1: 97.25 Daily Pivot Point R2: 97.39 Daily Pivot Point R3: 97.58 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Cash price analysis: From one resistance range into another FX Street 4 years Today's sharp sell off in the greenback is prompting DXY to recede further from recent YTD tops near 97.20 and instead to focus on the 96.00 neighbourhood. In fact, the continuation of the down move is expected to face contention at 96.04, the 50% Fibo retracement of the 2017-2018 drop. A break of this level should put the 21-day SMA at 95.92 back on the horizon. A resumption of the uptrend faces the immediate hurdle at recent peaks at 97.19, while further upside should meet the next resistance at 97.87, where converge the 61.8% Fibo retracement of the 2017-2018 drop… 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.
