The US dollar index is falling. It is trading below $93.80. The support lies at $93.55.
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US dollar experienced a correction…
The US dollar index reached the psychological level of $95, however, couldn’t stick there and lost some pips. Tuesday’s consumer confidence data was weaker than the forecast.
The US dollar managed to rebound after Monday’s morning fall. The US dollar index is at a new high of $94.40 now.
This is Forex trading plan for Thursday, May 24…
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.
Last week was highly positive for the US dollar, so, it managed to end the Friday’s trading above 93.50.
On Wednesday, the US dollar index failed to close at $93…
Trading on Wednesday was rather active and chaotic: in many pairs, there were some sharp intraday reversals…
On Monday, the US dollar managed to gain a foothold and rebounded after a 3-day fall…
In the middle of the last week, the US dollar ended its rally and turned around…
GBP/USD is currently trading within a tight range across the board and is on the way to make a break lower, but before that, we can expect further bullish corrective moves…