DXY prints fresh lows at 92.52 in the second half of the week. Further decline is seen visiting the 91.92/80 band. Sellers remain well in control of the sentiment around the dollar and pushed DXY further south to 92.52, recording at the same time fresh lows last seen in May 2018. In fact, further downside is increasingly likely in the current context. If 92.52 is breached on a convincing fashion, then there are no support of relevance until 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 97.94. Of note: the 100-day SMA (97.98) is about to break below the 200-day SMA (97.94), adding to the bearish scenario. 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 BoT keeps rates on hold and looks cautiously optimistic – UOB FX Street 2 years DXY prints fresh lows at 92.52 in the second half of the week. Further decline is seen visiting the 91.92/80 band. Sellers remain well in control of the sentiment around the dollar and pushed DXY further south to 92.52, recording at the same time fresh lows last seen in May 2018. In fact, further downside is increasingly likely in the current context. If 92.52 is breached on a convincing fashion, then there are no support of relevance until 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… 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.
