Analysis of the American Trading Session

The US session on Wednesday closed down against the basket of major competitors, which resulted in a renewal of a low at 96.90. The main decline of the American dollar fell on European currencies, due to the reduction of political risks in the UK and concerns about the Italian budget. It is also worth noting the growth of optimism in the stock markets due to a decrease in the US and China trade tension.

As a result, the US dollar index remains under pressure, despite the preservation of the uptrend. Fixation below 97.00 may accelerate the decline to support levels: 96.80 and 96.60-50.

The US dollar index chart. The current price is 97.00 (10-year government bonds yield is the blue line)

Read also: “Dictionary of the trader for the trading on the Forex market “.

Andre Green

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