DXY is extending the rebound from recent lows in the mid-92.00s. The area above the 94.00 barrier emerges as the next hurdle. DXY’s bounce of +2-year lows near 92.50 (Friday) has already reclaimed levels well above 93.00 the figure at the beginning of the week. In fact, further north comes in the 94.00 hurdle ahead of the Fibo level (of the 20187-2018 drop) at 94.20, where the recovery is expected to struggle. The ongoing rebound is seen as corrective only and the negative outlook on the dollar is forecasted to remain unchanged while below the 200-day SMA, today at 98.00. 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/USD Price Analysis: Rising bets for a move to 1.1700 FX Street 3 years DXY is extending the rebound from recent lows in the mid-92.00s. The area above the 94.00 barrier emerges as the next hurdle. DXY’s bounce of +2-year lows near 92.50 (Friday) has already reclaimed levels well above 93.00 the figure at the beginning of the week. In fact, further north comes in the 94.00 hurdle ahead of the Fibo level (of the 20187-2018 drop) at 94.20, where the recovery is expected to struggle. The ongoing rebound is seen as corrective only and the negative outlook on the dollar is forecasted to remain unchanged while below the 200-day SMA, today at 98.00.… 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.
