DXY is taking a breather unable to break above the 98.10 resistance. A retracement down can lead to 97.80 and 97.55 support levels. DXY daily chart DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DSMAs). This Tuesday the market consolidated the recent gains unable to move beyond the 98.10 resistance. The FOMC on Wednesday will likely provide high volatility on the greenback. DXY 4-hour chart DXY is trading above its main SMAs, suggesting bullish momentum in the medium term. Bulls are losing momentum as the market has been unable to pierce through the 98.10 resistance on Monday and Tuesday. Buyers will need to break above this key level if they want to reach the 2019 high at 98.38. DXY 30-minute chart DXY is trading below the 50 and 100 SMAs, suggesting a pullback down in the near term. The market can potentially depreciate towards 97.80 and 97.55 support levels. Additional key levels 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 Crude oil extends gains: WTI breaks above $58.00 FX Street 4 years DXY is taking a breather unable to break above the 98.10 resistance. A retracement down can lead to 97.80 and 97.55 support levels. DXY daily chart DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DSMAs). This Tuesday the market consolidated the recent gains unable to move beyond the 98.10 resistance. The FOMC on Wednesday will likely provide high volatility on the greenback. DXY 4-hour chart DXY is trading above its main SMAs, suggesting bullish momentum in the medium term. Bulls are losing momentum as… 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.
