The recovery in DXY remains well and sound above the 98.00 mark. Initial hurdle emerges at monthly peaks around 98.50. The index so far manages well to keep business in the upper end of the range and above the 98.00 mark. 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. Looking at the broader context, the positive view on DXY is expected to remain unchanged while above the 200-day SMA, today at 97.58. 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: Consolidation likely ahead of extra losses FX Street 3 years The recovery in DXY remains well and sound above the 98.00 mark. Initial hurdle emerges at monthly peaks around 98.50. The index so far manages well to keep business in the upper end of the range and above the 98.00 mark. 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. Looking at the broader context, the positive view on DXY is expected to remain unchanged while above the 200-day SMA, today at 97.58. 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.
