State of the market : the market is adjusting the positions

With the opening of trading on Friday, the correction against the US currency can be traced on the market. In addition to the growth of optimism in the market, the reason for the correction was the closing of the week, month and quarter, which would cause a significant movement in the market due to the technical closing of positions.

From the start of the day the US dollar index has been trading downward after the correction yesterday, but it has maintained an upward trend, limited to support levels: 97.00 and 96.90. Under the conditions of correction, the further growth of the American dollar will be limited by the level of 97.20-30. Saving dollar index positions above 97.00, will indicate the possibility of a resumption of the upward trend.

Read also: “Alert in the MT4 trading terminal and its use”

Hanzenko Anton

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