DXY extends its north-run to fresh multi-month high, targeting 21-month old trend-line. May month top can act as immediate support during the pullback. Carrying its previous north-run forward, the US Dollar Index (DXY) surges to the fresh high since May 2017 as it takes the bids to 98.90 on Thursday morning. Bulls now target an upward sloping trend-line connecting highs marked in November month of 2017 and 2018, at 99.53 now. However, 99.00 round-figure might offer an intermediate halt to the greenback gauge’s rally. In a case, the quote keeps rising past-99.53, the 100.00 psychological magnet will lure the buyers. On the flip side, May month high around 98.38 can act as immediate support during the pullback where sellers will look for increasing strength on the break of 61.8% Fibonacci retracement of 2017 swing highs to 2018 swing low, near 97.88. DXY weekly chart Trend: Bullish 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 PBOC sets Yuan reference rate at 6.8938 FX Street 4 years DXY extends its north-run to fresh multi-month high, targeting 21-month old trend-line. May month top can act as immediate support during the pullback. Carrying its previous north-run forward, the US Dollar Index (DXY) surges to the fresh high since May 2017 as it takes the bids to 98.90 on Thursday morning. Bulls now target an upward sloping trend-line connecting highs marked in November month of 2017 and 2018, at 99.53 now. However, 99.00 round-figure might offer an intermediate halt to the greenback gauge's rally. In a case, the quote keeps rising past-99.53, the 100.00 psychological magnet will lure the buyers.… 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.
