Analysis of the American Trading Session

The American session of Tuesday closed with a rapid decline in the US dollar against the euro, which was due to rumors. According to rumors, it is expected that the upcoming seizure of the ECB, which is scheduled for June 14, will be the beginning of the discussion of the timing of the completion of the quantitative easing (QE) program in the eurozone, which was perceived by the market as an optimistic statement on the euro.

The dollar index, in turn, on such positive expectations about the American returned to the level of 94.00 and is limited to the support level of 93.80, the consolidation below which will open the way to the marks: 93.60 and 93.40.

Graph of the US dollar index. The current price is 93.80 (the yield of 10-year government bonds is a blue line)

Also, read: “CFD on goods: oil, gold and silver”

Andre Green