Analysis of the American session - Ester Holdings

Analysis of the American session

Trades at the American session on Wednesday closed with the general strengthening of the American dollar across the market. The reason for the growth of the dollar was the statement by the US President D. Trump, who expressed optimism about the conclusion of a trade deal between the US and China. Also, the American dollar was supported by Trump’s statements against Europe, in which he accused the EU of undervaluing the euro.

As a result, the US dollar closed trading on Wednesday with rapid growth against most competitors, slowing down the overall downward trend and unloading its significant oversold. The index of the US dollar from the start of trading on Thursday remains under the pressure, continuing to trade in the upward correctional channel. Resistance levels: 97.00 and 97.30, support: 96.80 and 96.60.

Fig. The US dollar index chart. The current price is 97.90 (10-year US government bonds yield is the blue line)

Read also: “Fundamental analysis:
Inflation and the impact of its indicators on world currencies “

Andre Green


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