DXY retraces gains from 93.77, the highest since August 12. 50-day EMA probes the buyers despite bullish MACD. 21-day EMA, 23.6% Fibonacci retracement offers immediate key support. US dollar index (DXY) consolidates the previous day’s gains, the highest since late-August, while easing to 93.53 during early Tuesday. The greenback gauge probed August 12 top on Monday but failures to cross 50-day EMA seem to have triggered the latest pullback. As a result, sellers are eyeing towards 93.17/16 support confluence including 21-day EMA and 23.6% Fibonacci retracement of June-September declines. Also acting as the downside filter for DXY traders is the monthly ascending trend line near 92.82, a break of which will direct sellers to the August 18 low of 92.12 ahead of highlighting the previous month’s bottom surrounding 91.75. Alternatively, a daily closing past-50-day EMA level of 93.81 will have to stay steady beyond the 94.00 threshold to convince the buyers. In doing so, 50% and 61.8% Fibonacci retracement level of 94.77 and 95.50 will lure the FXY bulls. DXY daily 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 US CBO: Federal debt to reach nearly twice economy’s size in 2050 – Xinhua FX Street 1 year DXY retraces gains from 93.77, the highest since August 12. 50-day EMA probes the buyers despite bullish MACD. 21-day EMA, 23.6% Fibonacci retracement offers immediate key support. US dollar index (DXY) consolidates the previous day’s gains, the highest since late-August, while easing to 93.53 during early Tuesday. The greenback gauge probed August 12 top on Monday but failures to cross 50-day EMA seem to have triggered the latest pullback. As a result, sellers are eyeing towards 93.17/16 support confluence including 21-day EMA and 23.6% Fibonacci retracement of June-September declines. Also acting as the downside filter for DXY traders is the… 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.
