The index has come under extra selling pressure following the release of Nonfarm Payrolls last Friday. The drop in DXY met recent support at 97.15, managing to bounce afterwards to the area above 98.00 the figure, which now emerges as the initial hurdle in case bulls regain control. In the meantime, further consolidation is not ruled out while on the broader picture the constructive stance remains unchanged as long as the critical 200-day SMA at 96.23 underpins. 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: Near term bearish below the 55-day SMA at 1.1268 FX Street 3 years The index has come under extra selling pressure following the release of Nonfarm Payrolls last Friday. The drop in DXY met recent support at 97.15, managing to bounce afterwards to the area above 98.00 the figure, which now emerges as the initial hurdle in case bulls regain control. In the meantime, further consolidation is not ruled out while on the broader picture the constructive stance remains unchanged as long as the critical 200-day SMA at 96.23 underpins. 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.
