U.s. dollar trims losses, preparing for the level 99.00

After bottoming in the region of 99.60, the index of the dollar of EE.UU (DXY) has regained a little bit of buying interest and is now flirting with the level 99.00.

Dollar rises despite data

The index has almost recovered the ground lost earlier in the session despite the mixed results of the list of the US today. The figures advanced the us growth showed that the economy is expected to increase at a 0.7% annualized during the January-march period, less than initially planned.

In addition, the Chicago PMI surprised to the upside for the month of April (58.3 against 56.5 exp.), While the final print of consumer sentiment for April, followed by the index from Reuters/Michigan at 97.0 against the preliminary reading to 98.0.

The DXY remains firmly on your way to closing the third consecutive week to the downside, including gap, Monday’s low and a fall in the region of 99.00/98.90, where is the SMAde 200 days and the line of support (resistance) of 11 months.

The USD should remain under pressure today, since the probability of a close federal remains latent unless the congress passes a resolution continues today.

The consensus of the market, however, seems to rely on a last-minute agreement at the moment.

Levels relevant to the us dollar

The index fell 0.11% to 98.91 showing the next support at 98.58 (minimum of 28 April), then 98.56 (minimum of 25 April 2017).

On the other hand, a break above 99.21 (the maximum of the 27 of April) points to 99.24 (maximum of 24 April) and finally to 99.59 (38.2% Fibo of the decline from April).

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