Analysis of the European and American session

The US session on Thursday closed with a slowdown in the upward trend in the US currency, which has been traced from the start of the week. The reason for this movement was the weak US data, namely the unexpected increase in initial jobless claims. Also a significant impact on the American dollar had a technical correction after growth, reinforced by the expectation of data on the US GDP. In the end, this forced investors to correct positions and caused the formation of a flat.

The dynamics of the American dollar and the market in general remains restrained and aimed at a weekly correction, limited to the upcoming data and support levels: 98.00, 97.80 and 97.60, resistance: 98.20 and 98.50

Fig. The US dollar index chart. The current price is 98.10 (10-year government bonds yield is the blue line)

Read also: “New possibilities of the good old RSI indicator”

Andre Green

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Multifactorial analysis of the Forex market
2. Expectations from the USD/JPY for the end of April – early May
3. U.S. and E.U. Trade War

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1. CAT shares give SUPER-opportunity to earn in April!