The recovery in DXY remains well and sound above the 98.00 mark. Immediately above aligns the monthly peaks in the mid-98.00s. The index is now flirting with the 55-day SMA in the 98.20/30 band, extending at the same time the positive streak for the fifth session. Further upside impetus should now target monthly tops in the 98.50 region. A sustainable break of this hurdle should pave the way for a move to the 99.00 hurdle and potentially beyond. In the meantime, as long as the 200-day SMA at 97.58 holds the downside, the constructive outlook on the buck remains 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 EUR/USD Technical Analysis: Rising odds for a retest of 1.10 and below FX Street 3 years The recovery in DXY remains well and sound above the 98.00 mark. Immediately above aligns the monthly peaks in the mid-98.00s. The index is now flirting with the 55-day SMA in the 98.20/30 band, extending at the same time the positive streak for the fifth session. Further upside impetus should now target monthly tops in the 98.50 region. A sustainable break of this hurdle should pave the way for a move to the 99.00 hurdle and potentially beyond. In the meantime, as long as the 200-day SMA at 97.58 holds the downside, the constructive outlook on the buck remains unchanged.… 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.
