The US dollar ball is a rebound about 99.50 with a reduction in commercial tensions, but the remaining calm pressure

• The DXY index is traded near 99.50, an increase of about 0.75 % a day.
• President Trump’s decision to delay the customs tariff by 50 % on the imports of the European Union raises feelings in the short term.
• The bulls need a continuous daily closure above 100.50 to deny the Habbiyah view.

The US dollar index (DXY), which tracks the value of the US dollar (USD), is based on the highest where the market participants respond to dull trade tensions. The markets withdraw new optimism from President Trump’s decision to delay the implementation of a 50 % tariff on European Union imports.

At the time of writing this report, the DXY index organizes a modest recovery from the lowest level in four weeks that were touched on Monday. The index is seen circulating about 99.50 during the American session, an increase of approximately 0.75 % a day, digging some losses from the previous week. While the short -term reflux has given some comfort to the US dollar bulls, the wide artistic structure continues to prefer the negative aspect, with the continued momentum indicators to divert the rise.

Try on the daily chart, decisively break the DXY below the pattern of landfill last week. The collapse occurred around the 100.50 region, which has already provided short -term structural support but has now turned into a major resistance area.

However, the index tries to recover the level of support in the near term around the round number 99.00. This area, which also includes Low Low Nealh Near 98.80, is currently presenting a pillow with buyers with caution.

However, the bounce approaches the harsh resistance near the 21 -day SIA moving average (EMA) at 100.10, and the formerly broken science base at 100.50 is now working as a roof. The price remains less than the short -term moving averages with both Emas for 21 days and 50 days (101.22) slope down.

Structurally, any bullish trend is likely to face the opposite wind unless the index can collapse convincingly over these moving averages. On the upper side, the decisive rest over the psychological area will be 100.00 the first goal for bulls. Until then, the lower resistance path seems to the downside with gatherings that are likely to be seen as selling opportunities. Meanwhile, a break less than 98.80 floors will pave the way for a deeper correction towards 97.50.

Given the momentum indicators, the RSI is picking up a little after last week but still less than 50 marks, indicating that buyers have not yet controlled. Likewise, the MACD is the MACD in negative lands, with no signal line that does not show any signs of the upper intersection. The lack of condemnation in both of the founders indicates that the market remains inclined to the sellers despite the current apostasy.