State of the market: the market returns to decline on resumption of risks

The Asian-Pacific session opened with a restrained growth of the US dollar against the basket of major competitors on Monday. Information that China canceled scheduled negotiations with the US on trade relations was the reason for it and caused a wave of pessimism in the market, which was strengthened by the information about deadlock in  Brexit negotiations.

As a result, the US dollar index opens a week of restrained growth, limited to a downtrend and resistance levels: 94.30 and 94.50. Despite the correction, the US currency is clamped downward trend of the last two weeks, which was formed on the reduction of risks and the general growth of optimism. The support levels are: 94.00 and 93.80.

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Hanzenko Anton

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

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