The recovery in DXY loses further momentum on Tuesday. The door is now open for a potential move to the 99.00 area. DXY is losing the grip on Tuesday after three consecutive sessions posting gains, including Monday’s test of the 100.00 neighbourhood. 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, the initial support now emerges at the 99.00 neighbourhood, or last week’s lows. This area of contention is reinforced by the 100-day SMA, also at 99.00. 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: The euro has reasons to rise while the dollar has no upside driver FX Street 3 years The recovery in DXY loses further momentum on Tuesday. The door is now open for a potential move to the 99.00 area. DXY is losing the grip on Tuesday after three consecutive sessions posting gains, including Monday’s test of the 100.00 neighbourhood. 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, the initial support now emerges at the 99.00 neighbourhood, or last week’s lows. This area of contention is reinforced by the 100-day SMA, also at 99.00. 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.
