The recovery in DXY met tough resistance in the 98.00 area so far. The prospect on the index stays positive while above the 200-day SMA. The index is now prolonging the consolidation after the recent failure to extend the march north beyond the key barrier at 98.00 the figure. Immediately to the upside now emerge the 10-day SMA (98.08), the 100-day SMA (98.03) and the weekly tops. Further up aligns the 98.50 region, or monthly highs. A sustainable break of this hurdle should pave the way for a move to 99.00 and beyond. In the meantime, as long as the 200-day SMA at 97.56 holds the downside, the constructive 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 Cryptocurrencies price prediction: Bitcoin & Ripple – European Wrap – 21 November FX Street 3 years The recovery in DXY met tough resistance in the 98.00 area so far. The prospect on the index stays positive while above the 200-day SMA. The index is now prolonging the consolidation after the recent failure to extend the march north beyond the key barrier at 98.00 the figure. Immediately to the upside now emerge the 10-day SMA (98.08), the 100-day SMA (98.03) and the weekly tops. Further up aligns the 98.50 region, or monthly highs. A sustainable break of this hurdle should pave the way for a move to 99.00 and beyond. In the meantime, as long as the… 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.
