DXY remains entrenched into the negative territory below 93.00. The 91.92/80 band emerges as the next key target for bears. The sell-off in DXY has reached levels last seen in May 2018 in the sub-93.00 zone at the end of the week, leaving the negative stance on the dollar intact in the near-term. In fact, further downside is increasingly likely in the current context. There is scope for the index to skip back to the Fibo level (of the 2017-2018 drop) at 91.92 ahead of 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 98.02. 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 sits near 4-1/2-month tops, around mid-1.3100s FX Street 3 years DXY remains entrenched into the negative territory below 93.00. The 91.92/80 band emerges as the next key target for bears. The sell-off in DXY has reached levels last seen in May 2018 in the sub-93.00 zone at the end of the week, leaving the negative stance on the dollar intact in the near-term. In fact, further downside is increasingly likely in the current context. There is scope for the index to skip back to the Fibo level (of the 2017-2018 drop) at 91.92 ahead of the May 2018 low at 91.80 The negative outlook on the dollar is expected to… 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.
