Monday, May 20, 2019
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Dollar at support ahead of FOMC decision

Dollar Index (DXY) - Econ Alerts

Dollar Index (DXY) - Econ AlertsThe Dollar Index (DXY) is trading near a support zone ahead of today’s FOMC statement and interest rate decision, the rate decision is not expected to change, so investors will be looking for clues about any policy changes in the statement. Possibly a non-event, however, there can always be a surprise that could surprise the markets. Take care when selling at support zones (or selling at bottoms), as the price has a high chance or moving in the opposite direction. To find out how to draw support/resistance zones please check out this video.

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