US Dollar Index (DXY) stays on the back foot after recording its worst daily decline in 5 weeks on the first day of this week. DXY is trying to stabilize above the 99.00 figure. DXY daily chart The US Dollar Index (DXY) is trading near the May’s lows below the 50 SMA on the daily chart after recording its worst daily decline in 5 weeks this Monday. DXY four-hour chart DXY is entering a range just above the 99.00 figure while trading below the 100.00 mark and the main SMAs. While the market is trying to stabilize, it remains to be seen if DXY in the short-term can regain the 99.60 and 100.00 resistances. On the other hand, a daily close below the 99.00 figure would be seen as bearish with the potential for further declines towards the 98.80 and 98.40 levels in the medium-term. Additional key levels 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 BoC’s Poloz: Rates would not go back to where they were 20 or 30 years ago, will stay low FX Street 2 years US Dollar Index (DXY) stays on the back foot after recording its worst daily decline in 5 weeks on the first day of this week. DXY is trying to stabilize above the 99.00 figure. DXY daily chart The US Dollar Index (DXY) is trading near the May’s lows below the 50 SMA on the daily chart after recording its worst daily decline in 5 weeks this Monday. DXY four-hour chart DXY is entering a range just above the 99.00 figure while trading below the 100.00 mark and the main SMAs. While the market is trying… 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.
