DXY erased the last two days of gains as the market is pulling back down from 2020 highs. Sellers are expecting a deeper retracement below the 99.20 support level. DXY daily chart The US dollar index (DXY) is pulling back down, on track to close below the 2019 high at 99.67 level. DXY erased the gains of the last two days this Friday. DXY four-hour chart DXY fell sharply and tested the 50 SMA. The trend remains bullish however a deeper pullback cannot be ruled out. Bears can try to break below the 99.20 support and generate an extention down towards the 99.00 and 98.80 support level. A resumption of bullish movements can find resistance near the 99.40 and 99.65 levels. 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next EUR/USD Price Analysis: Euro correction up is underway, bulls eyeing 1.0878 level FX Street 2 years DXY erased the last two days of gains as the market is pulling back down from 2020 highs. Sellers are expecting a deeper retracement below the 99.20 support level. DXY daily chart The US dollar index (DXY) is pulling back down, on track to close below the 2019 high at 99.67 level. DXY erased the gains of the last two days this Friday. DXY four-hour chart DXY fell sharply and tested the 50 SMA. The trend remains bullish however a deeper pullback cannot be ruled out. Bears can try to break below the 99.20 support and… 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.
