The US dollar continues to strengthen its positions. Consumer confidence is growing
The US dollar continues to strengthen its positions against the basket, receiving the main support from the comments of the head of the Federal Reserve Powell. See “The US dollar has updated the daily high against the basket of currencies on Powell’s comments.” Additional support for the US currency is provided by positive data on consumer optimism in the US.
- According to published data, the consumer confidence index rose to 130.8 in February, exceeding the previous value at 124.3.
Technical analysis: On the H4 chart, the EUR/USD pair is trying to gain a foothold below the support line of the rising channel, as a result of which a deeper decrease in the price of the instrument is possible. At the moment, the main support levels are 1.2210, 1.2160. The resistance levels are 1.2340, 1.2380.
Fig. EUR/USD. The current price is $ 1.2256.
Alexander Sivtsov