Market state: the American is under pressure

Closer to the end of the European session, a very low-key dynamics remains in the market. The main currency pairs are trading within the previous day. The market movement in the sideways trend is due to the lack of significant drivers and different directions of European stock indices.

The consolidation of the market is also caused by some uncertainty about the US currency, which slowed growth against the basket of major currencies yesterday, having previously tested significant resistance.

The US dollar index remains below the psychological resistance of 95.00. The breakthrough of this point will indicate the possibility of strengthening of the American. By now the US dollar and the market as a whole remains trading in a sideways trend.

Recommended for reading: https://esterholdings.com/en/2017/0/08/signaly-po-kross-kursam-gbp-jpy-prodolzhaet-formirovat-figuru-razvorota/ and https://esterholdings.com/en/2017/11/08/bitcoin-testiruet-maksimum/.

Hanzenko Anton