DXY met some support in recent lows in sub-97.00 levels (Tuesday). While the 200-day SMA at 97.83 caps the upside, further losses are likely. DXY is attempting a recovery following Tuesday’s fresh 2-month lows in the area below the key support at 97.00 the figure. After breaking below some interim supports at Fibo retracements and the key 200-day SMA, the index has now opened the door to a deeper decline. That said, a move to the December 2019 low at 96.36 should not be ruled out, particularly following Tuesday’s rate cut by the Federal Reserve and the probability of further easing in the near-term. 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: Next target emerges at 1.1239 FX Street 2 years DXY met some support in recent lows in sub-97.00 levels (Tuesday). While the 200-day SMA at 97.83 caps the upside, further losses are likely. DXY is attempting a recovery following Tuesday’s fresh 2-month lows in the area below the key support at 97.00 the figure. After breaking below some interim supports at Fibo retracements and the key 200-day SMA, the index has now opened the door to a deeper decline. That said, a move to the December 2019 low at 96.36 should not be ruled out, particularly following Tuesday’s rate cut by the Federal Reserve and the probability of further… 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.
