The buck tested fresh 2-week lows in the proximity of the 94.00 handle earlier in the session as markets were digesting the recent Trump-Juncker agreement. However, the down move met strong contention at the short-term support line off June’s low near 93.20, and is now staging a decent rebound. The constructive bias around the greenback is now threatened, although a move back above the 10-day and 21-day SMA around 94.60 should help shifting the attention back to the topside. A surpass of this area should put the recent top at 94.85 back on the radar. On the downside, July’s low at 93.71 should emerge as the next relevant support in case the short-term support line around 94.00 gives up. DXY daily chart Daily high: 94.67 Daily low: 94.43 Support Levels S1: 94.02 S2: 93.81 S3: 93.49 Resistance Levels R1: 94.55 R2: 94.87 R3: 95.08 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 EUR/GBP Technical Analysis: Stuck in a range ahead of ECB FX Street 5 years The buck tested fresh 2-week lows in the proximity of the 94.00 handle earlier in the session as markets were digesting the recent Trump-Juncker agreement. However, the down move met strong contention at the short-term support line off June's low near 93.20, and is now staging a decent rebound. The constructive bias around the greenback is now threatened, although a move back above the 10-day and 21-day SMA around 94.60 should help shifting the attention back to the topside. A surpass of this area should put the recent top at 94.85 back on the radar. On the downside, July's low… 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.
