Analysis of the European session
Due to a long weekend in the US and Canada on Monday, trading on these sessions were not carried out, which caused a significant decrease in liquidity at the close of the European session on Monday. At the same time, trading throughout the day remained restrained and limited flat.
Therefore, it is not strange that with the opening of trading on Tuesday, the market began to return activity to the market, which resulted in the ubiquitous growth of the US dollar. It should be noted that the growth of the American dollar can be traced both against the risk assets and against the assets of the safe harbor, pointing to the overall growth of the dollar on the resumption of the upward trend, which will be limited by the resistance level of 95.50 and overbought.
The US dollar index chart. The current price is 95.40 (10-year government bonds yield is a blue line)
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Andre Green
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