The upside momentum in DXY seems unabated near 99.30. The next target on the upside remains at 99.37 (September 3rd, 2019). DXY keeps pushing higher in the first half of the week and is already trading at shouting distance from the next target at 99.37. The current overbought levels in the dollar, however, could spark a corrective downside in the index to, initially, the Fibo retracement of the February rally at 98.82. This support zone is also reinforced by the proximity of the 10-day SMA at 98.86. Looking at the broader picture, the constructive perspective on the dollar is seen unaltered as long as the 200-day SMA at 97.78 holds the downside. 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 EUR/JPY Price Analysis: The resumption of the decline could test 118.00 (and below) FX Street 2 years The upside momentum in DXY seems unabated near 99.30. The next target on the upside remains at 99.37 (September 3rd, 2019). DXY keeps pushing higher in the first half of the week and is already trading at shouting distance from the next target at 99.37. The current overbought levels in the dollar, however, could spark a corrective downside in the index to, initially, the Fibo retracement of the February rally at 98.82. This support zone is also reinforced by the proximity of the 10-day SMA at 98.86. Looking at the broader picture, the constructive perspective on the dollar is seen… 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.
