DXY meets extra downside pressure and drops to 93.00. The continuation of the bearish move should target the 92.50 area. DXY extends the leg lower following another failure to clinch the 94.00 region, or monthly tops, earlier in the week. The inability of the index to surpass this area of resistance motivated sellers to step in once again, therefore shifting the focus of attention back to the YTD lows in the mid-92.00s. The bearish view on the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.83. 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 US Initial Jobless Claims Preview: Lower claims, higher dollar FX Street 2 years DXY meets extra downside pressure and drops to 93.00. The continuation of the bearish move should target the 92.50 area. DXY extends the leg lower following another failure to clinch the 94.00 region, or monthly tops, earlier in the week. The inability of the index to surpass this area of resistance motivated sellers to step in once again, therefore shifting the focus of attention back to the YTD lows in the mid-92.00s. The bearish view on the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.83. DXY daily chart 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.
