Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

The American session closed with a general decline in the dollar index across the market on Tuesday. In addition to the technical correction, the pressure on the dollar was exerted by the decline in the US state bonds profitability and general growth of the British pound on the data on the Brexit agreement, which significantly reduced the risks in Europe, especially in the UK.

The US dollar index closed trading on Tuesday with a marked decline, correcting after growth. Downward corrective movement remains in force, limited to support levels: 96.80-70 and 96.50-40.

The US dollar index chart. The current price is 97.50 (10-year government bonds yield is the blue line)

Read also: “Correlation Strategy for Trading in the Forex market”

Andre Green

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