Analysis of the American Trading Session

The trading session of the American session on Thursday closed in different directions after the dollar strengthened noticeably on the decline of the euro, which was caused by the comments of the ECB President M. Draghi. Thus, the euro was under pressure from very restrained comments by the head of the ECB and lower forecasts for economic growth rates in the eurozone.

Despite the fact that the US dollar index closed on Thursday at the opening of the day, the US currency confirmed keeping the upward trend and pointed to the potential for growth. It formed a significant support at the level of 97.00-10, from which the growth of the American dollar can be traced. Further strengthening of the dollar is limited by overbought and resistance 97.20 and 97.40-50.

The US dollar index chart. Current price – 97.20 (10-year government bonds yield – blue line)

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Andre Green

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