DXY is up for the second consecutive day. Targets to the upside remain near 98.20 and 98.50 levels. DXY daily chart The US dollar index (DXY) is bouncing from last Friday’s retracement. The market is trading back above the main simple moving averages (SMAs). DXY four-hour chart DXY created a v-shaped recovery settling above the 97.85 level and just below the ascending trendline. This week bulls will need to push the market above the 98.20 resistance in order to prevent a longer consolidation in the 97.50-97.85 range. The inverse head-and-shoulders pattern is keeping the bullish bias intact. 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 USD/INR Asia Price Forecast: Greenback weakens against Indian rupee, trades below 71.20 level FX Street 2 years DXY is up for the second consecutive day. Targets to the upside remain near 98.20 and 98.50 levels. DXY daily chart The US dollar index (DXY) is bouncing from last Friday’s retracement. The market is trading back above the main simple moving averages (SMAs). DXY four-hour chart DXY created a v-shaped recovery settling above the 97.85 level and just below the ascending trendline. This week bulls will need to push the market above the 98.20 resistance in order to prevent a longer consolidation in the 97.50-97.85 range. The inverse head-and-shoulders pattern is keeping the bullish bias… 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.
