The US Dollar Index (DXY) is under heavy bearish pressure as the market broke below the September lows. DXY also broke below the 100-day simple moving average (DSMA) as the market is approaching the 200 DSMA. DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average (DSMA). However, this Thursday, the Greenback accelerated its decline breaking below the 100 DSMA en route towards the 200 DSMA today at 97.39. DXY four-hour chart DXY is under heavy bearish pressure below the main SMAs. DXY reached the 97.60 support level. Given the strong momentum down, the support is not expected to hold and 97.20 and 96.80 can be next on the way down. DXY 30-minute chart DXY is trading below the main SMAs, suggesting a bearish bias in the short term. Resistances are seen at the 97.80, 98.00 and 98.20 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 Forex Today: Brexit drama on its final stages FX Street 4 years The US Dollar Index (DXY) is under heavy bearish pressure as the market broke below the September lows. DXY also broke below the 100-day simple moving average (DSMA) as the market is approaching the 200 DSMA. DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average (DSMA). However, this Thursday, the Greenback accelerated its decline breaking below the 100 DSMA en route towards the 200 DSMA today at 97.39. DXY four-hour chart DXY is under heavy bearish pressure below the main SMAs. DXY reached… 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.
