State of the market

Trades in the European session remain inactive because of the day off and the closure of European stock exchanges. The US currency has managed to consolidate slightly against its main competitors based on the overall recovery and growing interest in the American.

But, the dynamics of the US dollar index is limited to a downward trend and low market activity. Also, the market keeps low liquidity, which in the end can cause unjustified movements. Significant resistances for the US dollar index are: 93.300 and 93.400-500, support: 93.100-000.

Graph of the US dollar index. The current price is 93.250.

Hanzenko Anton