DXY is under bearish pressure as the market is challenging last week’s lows. Investors are likely watching the 98.20/98.00 support zone. On Wednesday, traders will monitor the Retail Sales Control Group in the United States (US). DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above the 100 and 200-day simple moving averages (DSMAs). This Tuesday DXY failed to move beyond the 98.50 level and the 50 SMA as the Index is about to trade near last week’s lows. On Wednesday, traders will monitor the Retail Sales Control Group in the US. DXY four-hour chart DXY is under bearish pressure below its main SMAs. If the market breaks the 98.20 support, the Index is likely to challenge the 98.00 handle, which is the September low. If the bulls fail to defend this level, then the market can be set for further losses towards the 97.60 level. DXY 30-minute chart DXY is trading below the main SMAs, suggesting a bearish bias in the short term. Bulls would need to have a daily close above the 98.63 resistance to alleviate the bearish pressure. 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 USD/MXN Technical Analysis: Mexican peso keeps rising and approaches 19.00 FX Street 4 years DXY is under bearish pressure as the market is challenging last week's lows. Investors are likely watching the 98.20/98.00 support zone. On Wednesday, traders will monitor the Retail Sales Control Group in the United States (US). DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above the 100 and 200-day simple moving averages (DSMAs). This Tuesday DXY failed to move beyond the 98.50 level and the 50 SMA as the Index is about to trade near last week's lows. On Wednesday, traders will monitor the Retail Sales Control Group in 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.
