The persistent selling bias around the greenback has motivated the US Dollar Index to drop further, threatening at the same time the key short-term support line, today around 94.20. This area of contention is reinforced by a retracement of the 2017/2018 drop at 94.20. A break below the short-term support line off June’s low should open the door for a continuation of the down move to, initially, 94.08 (low July 26) seconded by 93.71 (July’s low). While above the support line, the constructive bias remains unchanged, although it should test and surpass the 94.90 level to allow for extra upside. DXY daily chart Daily high: 94.46 Daily low: 94.19 Support Levels S1: 94.16 S2: 93.96 S3: 93.66 Resistance Levels R1: 94.66 R2: 94.96 R3: 95.16 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 NZD/USD stays neutral in the near term – UOB FX Street 5 years The persistent selling bias around the greenback has motivated the US Dollar Index to drop further, threatening at the same time the key short-term support line, today around 94.20. This area of contention is reinforced by a retracement of the 2017/2018 drop at 94.20. A break below the short-term support line off June's low should open the door for a continuation of the down move to, initially, 94.08 (low July 26) seconded by 93.71 (July's low). While above the support line, the constructive bias remains unchanged, although it should test and surpass the 94.90 level to allow for extra upside.… 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.
