The state of the European market: the American is recovering

In the course of trading at the European session, the US dollar continued to recover against the main basket of world currencies, keeping the dynamics of the end of Friday. At the same time, the main recovery of the American falls on the euro, pound and gold, when the dynamics of commodity currencies and safe haven currencies remain very low-key.

At the same time, European stock indices are traded mostly below zero after the mixed closure of the Asia-Pacific stock exchanges. The main support of the American fell on the growth of the profitability of the US state bonds, but, despite this, the American is in no hurry to decline, unlike the bonds.

The upward dynamics of the dollar index keeps positive dynamics and is limited by a noticeable overbought on the recovery. This can be a significant resistance, given the absence of explicit factors for strengthening of the US dollar. The main resistance level is the maximum of Thursday at 89.40, the repulsion is possible from it with a further decline in the dollar.

Graph of the US dollar index. The current price is 89.20.

Hanzenko Anton