DXY is now attempting a sideline pattern in the lower end of the recent range around the 55-day SMA in the 98.30 region. This area also coincides with the May top at 98.37. The correction lower still looks well in place in the near term and the Greenback risks a potential move to, initially, the 98.00 level ahead of the Fibo retracement at 97.87, which should hold the downside. Occasional rebounds face the initial barrier at the 21-day SMA at 98.78 ahead of last week’s top at 99.25. 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 Technical Analysis: Rallies still capped by the 1.1060/65 band FX Street 4 years DXY is now attempting a sideline pattern in the lower end of the recent range around the 55-day SMA in the 98.30 region. This area also coincides with the May top at 98.37. The correction lower still looks well in place in the near term and the Greenback risks a potential move to, initially, the 98.00 level ahead of the Fibo retracement at 97.87, which should hold the downside. Occasional rebounds face the initial barrier at the 21-day SMA at 98.78 ahead of last week's top at 99.25. 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.
