Analysis of the American Trading Session
Trading on Thursday closed with a general strengthening of the dollar across the entire spectrum of the market, which was due to the soft rhetoric of the ECB. As a result, the US dollar showed a high intra-week volatility, returning to weekly highs and formed a week lateral trend, which confirms the continued uncertainty in the market.
The US dollar index is limited to a week high of 94.80. But also the market today expects data on US GDP, which may trigger a correction. The main resistance levels: 94.80 and 95.00, support: 94.60 and 94.40.
The US dollar index chart. The current price is 94.70 (10-year government bonds yield is a blue line)
Read also: “Integrated approach – the best trading strategy”
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- In Focus: Analysis of transactions for a EUR/USD pair during the week
- Stock indices: European Union
- Emerging markets and their prospects: Russian Ruble (RUB)