DXY accelerates the downside on Wednesday and drops below 99.00. The door is now open for a potential move to the 200-day SMA. DXY is losing the grip further on Wednesday, extending the decline for the second consecutive session after being rejected from the 100.00 mark at the beginning of the week. Sellers now look to have regained the upper hand and therefore the door is open to further weakness in the dollar in the near-term. That said, there is increasing bets for a deeper pullback to the 200-day SMA in the mid-98.00s in the short-term horizon. 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 Russell 2000: Change to a bullish outlook above the April high at 3024 – Credit Suisse FX Street 3 years DXY accelerates the downside on Wednesday and drops below 99.00. The door is now open for a potential move to the 200-day SMA. DXY is losing the grip further on Wednesday, extending the decline for the second consecutive session after being rejected from the 100.00 mark at the beginning of the week. Sellers now look to have regained the upper hand and therefore the door is open to further weakness in the dollar in the near-term. That said, there is increasing bets for a deeper pullback to the 200-day SMA in the mid-98.00s in the short-term horizon. DXY daily chart… 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.
