Analysis of the American Trading Session
As a result of Monday, trading on the US currency was closed with the next update of the highs at 95.50, indicating the preservation of the uptrend in the US dollar. At the same time, the American dollar remains under pressure of correction and risks around the trade confrontation between the US and China. The downward correction for the dollar at the beginning of the day is limited to the levels: 95.20 and 95.00. In turn, with the return of optimism to the market, the dollar can resume the storm of psychology 95.50.
The US dollar index chart. The current price is 95.20 ( 10-year government bonds yield is a blue line)
Read also: “Fundamental analysis: Influence of inflation indicators on world currencies”
Andre Green
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- In Focus: Analysis of transactions for a EUR/USD pair during week
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