The Dollar Index eases from new four-month high (105.33) posted on Wednesday’s sharp rally (the biggest daily gain in two years) on news of Trump’s election victory. Partial profit-taking pushed the price lower, but the dollar keeps firm tone (daily studies remain in full bullish setup) suggesting that current dip is just positioning for fresh […]
The post Dollar Index Outlook: Dollar Eases from New Multi-Month High in Likely Positioning for Fed Rate Decision appeared first on Action Forex.
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Daily Pivots: (S1) 1.0628; (P) 1.0783; (R1) 1.0885; More… Intraday bias in EUR/USD Is turned neutral first with current recovery. Some consolidation would be seen but further decline is expected as long as 1.0936 resistance Read more…
Daily Pivots: (S1) 1.2793; (P) 1.2920; (R1) 1.3007; More… Range trading continues in GBP/USD and intraday bias stays neutral. With 1.3047 resistance intact, further decline is still expected. Firm break of 1.2842 will resume the Read more…