Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

The American session of Monday was closed by the decline of the American dollar in the whole spectrum of the market, which was due to the correction of the positions on the dollar before the meeting of the US Federal Reserve. As a result, the American dollar returned to the lows of last week against the basket of major currencies, thereby limiting the oversoldness and the lower boundary of the rising channel.

On the other hand, it is worth noting that the American dollar is also limited by resistance levels: 94.60 and 94.80, which will limit purchases of the dollar before the results of the Fed meeting.

The US dollar index chart. The current price is 94.40 (10-year government bonds yield is a blue line)

 

Read also: “5 Simple Steps to Successful Forex Trading”

Andre Green

 

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  1. In Focus: Analysis of transactions for a EUR/USD pair during the week
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  3. Emerging markets and their prospects: Russian Ruble (RUB)

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