DXY prints mild losses following failures to extend Friday’s recovery moves beyond 93.82. Sustained trading below short-term EMA confluence, weak MACD histogram favor sellers. Two-week-old ascending trend line, followed by monthly support line, probes the bears. US Dollar Index (DXY) stays on the back foot around 93.70, down 0.11% intraday, during the pre-European open on Monday. In doing so, the greenback gauge fails to keep Friday’s gains amid dwindling MACD histogram. Even so, a confluence of 100-bar EMA and an ascending trend line from September 21, around 93.70, restricts the quote’s immediate downside. If at all the sellers retake controls below 93.70, they need to conquer a five-week-old rising support line, at 93.47 now, to prove themselves. Meanwhile, buyers aren’t expected to enter unless witnessing a clear break above 93.87 comprising 21-bar and 50-bar EMA. Following that, the 94.00 threshold and a horizontal line comprising late September top near 94.20 will be on the bulls’ radars. DXY four-hour chart Trend: Pullback expected 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 ‘Thin’ Brexit trade deal likely but a fallout cannot be ruled out – Goldman Sachs FX Street 2 years DXY prints mild losses following failures to extend Friday’s recovery moves beyond 93.82. Sustained trading below short-term EMA confluence, weak MACD histogram favor sellers. Two-week-old ascending trend line, followed by monthly support line, probes the bears. US Dollar Index (DXY) stays on the back foot around 93.70, down 0.11% intraday, during the pre-European open on Monday. In doing so, the greenback gauge fails to keep Friday’s gains amid dwindling MACD histogram. Even so, a confluence of 100-bar EMA and an ascending trend line from September 21, around 93.70, restricts the quote’s immediate downside. If at all the sellers retake controls… 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.
