Analysis of the American Trading Session

Trades on the US trading session closed near the opening day level after the weekly minimum was updated due to the reduction of risks and correcttion of the American after growth. The recovery of the US dollar was caused by the shift in optimistic sentiment towards negative and correction of positions on the American. As a result, the US dollar index formed the bottom at the level of 93.80-70, from which the correction is traced.

The main dynamics of the US dollar remains restrained and limited by the trading range of Thursday. At the same time, it should be noted that there is a shortening of short positions on the American, which in the end can strengthen the correctional movement of the dollar.

Fig. EUR/USD. Current price – 1.1670

Also, read: “Multifactor analysis: INTRODUCTION“

Andre Green