The Euro underperformed on Monday and experienced losses. On Tuesday, the US Dollar Index finished above 103.00, marking its highest daily close in over a month. This was driven by higher US Treasury yields. The Greenback remains strong despite expectations that the Federal Reserve (Fed) will keep interest rates unchanged. US yields continue to rise, with the 10-year approaching 4.20% and the 2-year nearing 5%. On the economic front, Retail Sales data from the US are due on Tuesday.
H4 chart shows that the downtrend is still very strong, we can place a sell order as soon as the price line touches the support area of 1.09570.
Target 1 resistance zone 1.09000
Target 2 resistance zone 1.08500
What is your opinion? can let me know in the comment section, thanks.
* Let's win the market together*
H4 chart shows that the downtrend is still very strong, we can place a sell order as soon as the price line touches the support area of 1.09570.
Target 1 resistance zone 1.09000
Target 2 resistance zone 1.08500
What is your opinion? can let me know in the comment section, thanks.
* Let's win the market together*
Bình luận:
A break below that level should sound the alarm of an impending sharper drop. The next key support will be near the February-March bottom just above $1800.
Bình luận:
The dollar hit its highest in more than a month as investors sought safe havens amid concerns about the Chinese economy.
Bình luận:
The USD continues to increase strongly, putting pressure on the Euro as it has continuously decreased in recent sessions
Giao dịch đang hoạt động:
sell 1.09570 + 100 pip
Đóng lệnh: đạt mục tiêu
