DXY has been challenging the 98.00 handle ahead of the FOMC minutes. The level to beat for bulls is the 98.00 handle followed by 98.20 and 98.40 price levels. DXY daily chart DXY (US Dollar Index) is trading in a bull trend above the 200-day simple moving average (DMA). This Wednesday, the market is grinding higher ahead of the FOMC minutes at 19:00 GMT. DXY 4-hour chart DXY is challenging the 98.00 handle and the 200 SMA. As the market is rebounding a break above the 98.00 level can lead to further gains towards the 98.20 and 98.40, near the November highs. DXY 30-minute chart The greenback is trading above the 50/100 SMA, suggesting a potential correction up in the medium term. However, 97.70 needs to hold prices, to prevent the market to drop back towards the 97.50 level. 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 Chinese authorities close social media accounts suspected of violating laws FX Street 3 years DXY has been challenging the 98.00 handle ahead of the FOMC minutes. The level to beat for bulls is the 98.00 handle followed by 98.20 and 98.40 price levels. DXY daily chart DXY (US Dollar Index) is trading in a bull trend above the 200-day simple moving average (DMA). This Wednesday, the market is grinding higher ahead of the FOMC minutes at 19:00 GMT. DXY 4-hour chart DXY is challenging the 98.00 handle and the 200 SMA. As the market is rebounding a break above the 98.00 level can lead to… 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.
