The leg lower in DXY met decent contention in the 97.70/65 band so far. The constructive outlook on the buck remains unaltered above the 200-day SMA. The index is extending the bounce off recent lows and it has now regained the key 98.00 neighbourhood on the back of the renewed offered note in the euro and the British pound. Immediately to the upside emerges interim hurdles at the 10-day SMA (98.12) and the 55-day SMA (98.24) ahead of monthly tops in the vicinity of 98.50 (November 13th). Above 98.50, the upside pressure is expected to gather extra steam and advance to the 99.00 mark and above. In the meantime, as long as the 200-day SMA at 97.56 underpins, the positive outlook on DXY is seen unchanged. 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 The Hong Kong bill weighs on the CEEMEA currencies – Rabobank FX Street 3 years The leg lower in DXY met decent contention in the 97.70/65 band so far. The constructive outlook on the buck remains unaltered above the 200-day SMA. The index is extending the bounce off recent lows and it has now regained the key 98.00 neighbourhood on the back of the renewed offered note in the euro and the British pound. Immediately to the upside emerges interim hurdles at the 10-day SMA (98.12) and the 55-day SMA (98.24) ahead of monthly tops in the vicinity of 98.50 (November 13th). Above 98.50, the upside pressure is expected to gather extra steam and advance… 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.
