DXY remains on the defensive and closer to the 89.00 level. The next target of note emerges at 88.94, March 2018 low. The pessimism surrounding the dollar remains well and sound early in 2021, with DXY dropping to new lows in the 89.20 area on Wednesday. The prospect for the greenback remains negative, with further losses now seen challenging the 89.00 support ahead of the March 2018 low at 88.94. The downside pressure is expected to mitigate somewhat on a breakout of the weekly high in the 91.00 region (December 21). In the longer run, as long as DXY trades below the 200-day SMA, today at 94.85, the negative view is forecast to prevail. DXY daily chart 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 Germany’s Spahn: Will receive more than 130 million doses of BioNTech/Pfizer and Moderna vaccines FX Street 11 months DXY remains on the defensive and closer to the 89.00 level. The next target of note emerges at 88.94, March 2018 low. The pessimism surrounding the dollar remains well and sound early in 2021, with DXY dropping to new lows in the 89.20 area on Wednesday. The prospect for the greenback remains negative, with further losses now seen challenging the 89.00 support ahead of the March 2018 low at 88.94. The downside pressure is expected to mitigate somewhat on a breakout of the weekly high in the 91.00 region (December 21). In the longer run, as long as DXY trades… Top 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.
