DXY reverses Tuesday’s uptick and resumes the downside. The June 2018 low near 93.20 emerges as the next support of note. The sell-off in the dollar has resumed its pace on Wednesday, quickly eroding gains recorded in the previous session and dragging DXY to the area of 2-year lows in the mid-93.00s. In fact, further downside is increasingly likely in the current atmosphere, allowing for a probable move and test of the June 2018 lows near 93.20. Further south aligns the May 2018 low at 91.80. The negative outlook on the dollar is expected to remain unaltered while below the 200-day SMA, today at 98.07. DXY weekly 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 GBP/USD: More upside after a small correction FX Street 3 years DXY reverses Tuesday’s uptick and resumes the downside. The June 2018 low near 93.20 emerges as the next support of note. The sell-off in the dollar has resumed its pace on Wednesday, quickly eroding gains recorded in the previous session and dragging DXY to the area of 2-year lows in the mid-93.00s. In fact, further downside is increasingly likely in the current atmosphere, allowing for a probable move and test of the June 2018 lows near 93.20. Further south aligns the May 2018 low at 91.80. The negative outlook on the dollar is expected to remain unaltered while below the… 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.
