US Dollar Index (DXY) declines to the May’s lows on market risk-on mood. Support can emerge near the 99.00/98.80 price zone. DXY daily chart The US Dollar Index (DXY) shoots lower to the 99.00 level and the 100 SMA on the daily chart. The index is challenging the May’s lows as risk appetite on Wall Street decreases the demand for the greenback. DXY four-hour chart DXY is challenging the May’s lows while trading below the main SMAs on the four-hour chart. Bulls will be attempting to support the market in the 99.00/98.80 price zone as it proved solid support in the last few months. On the other hand, a sustained break below the mentioned levels can lead to an extension down towards the 98.20/98.00 support level. 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 US weighs sanctions on Chinese officials, firms over Hong Kong FX Street 3 years US Dollar Index (DXY) declines to the May’s lows on market risk-on mood. Support can emerge near the 99.00/98.80 price zone. DXY daily chart The US Dollar Index (DXY) shoots lower to the 99.00 level and the 100 SMA on the daily chart. The index is challenging the May’s lows as risk appetite on Wall Street decreases the demand for the greenback. DXY four-hour chart DXY is challenging the May’s lows while trading below the main SMAs on the four-hour chart. Bulls will be attempting to support the market in the 99.00/98.80 price zone as… 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.
