State of the market

With the positive opening of US stock indices, the US currency accelerated growth across the entire spectrum of the market. In addition to support caused by the weakness of the single currency, the US dollar was supported by the growth of optimism and strengthening of stock indices. Also, the American is supported by the growth of the US Treasurys, which have significantly strengthened in recent days (when the US currency remained under pressure).

As a result, the US dollar index continues to remain at a significant resistance level at 94.00. The breakthrough of this level will open the way to the working off of the figure “inverted head and shoulders”. And this will open the way for buyers to 94.50 and 95.00.

Recommended for reading: https://esterholdings.com/en/2017/10/26/kriptovalyuta/ and https://esterholdings.com/en/2017/10/24/geopoliticheskie-riski/

Hanzenko Anton