State of the market: the market is restrained

At the opening of trading on Thursday, the market is trading restrained near the weekly extremes for most currency pairs. Stock indices are trading near six-month highs, showing a slowdown in growth and multidirectional dynamics, which partly indicates the possibility of correction.

The US dollar index is trading sideways against a basket of major competitors. In fact, the American dollar is limited to the side channel from 97.00 to 97.20, indicating a slowdown in the upward trend, which can result in a full-scale correction to maintain the downward sentiment on the US dollar. Support levels: 97.00 and 96.80-70, resistance: 97.20 and 97.40-50.

Read also: “S & P 500 index as a market sentiment index”

Hanzenko Anton

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3. Financial quarter correction

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