Analysis of the European and American session

The US session on Monday closed with a restrained decline in the US dollar on maintaining low liquid trading. As a result, the US dollar index updated at low at the level of 97.30-25 against a basket of major currencies. It allowed the American dollar to adjust against the growth last Thursday. With the resumption of activity in the market on Tuesday, the American dollar returned to strengthening against major currencies. This was caused by the growth of optimism in the market and concerns about the growth of tension in the global economy.

The US dollar index returned to growth, forming a reversal at the level of 97.30, thereby confirming the safety of the upward dynamics, which is limited by the resistance level of 97.50.

Fig. The US dollar index chart. The current price is 97.40 (10-year government bonds yield is the blue line)

Read also: “Candlestick Analysis.  Continuation patterns”

Andre Green

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