As we discussed in the commentary of intra-day charts yesterday Daily were looking bullish. The couple has then pushed wider support near 0.9650, tack on approximately 70 pips to close yesterday.
The daily is currently trading range between approx. 1000 and 0.9650.The daily chart indicator today internal format that this pair is currently very undecided as to the direction that it will head in the mid-term. we could see further consolidation in this range before you get any strong directional moves that occur.
The 4 hour chart below shows the recent price action near the top of the range (1.0000) and bottom (0.9650) that he could use operators to take short-term trades off.
Classification of dollar:
We can see in the chart below the dollar index that currently consolidating its laterally, this is in line with the current consolidation of major currency pairs Are unlikely see forex. any strong moves until we can bust out of these conditions of gamma-Association.
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Comment:
The dollar weakened today as traders have made the recent dollar rally before next week's volatility.
The dollar has lost ground to all the other major currencies today, we are seeing range associated with conditions now in most major forex currency pairs.
The Dow lost points 16.57 or 0.15%, the S & P 500 rose to 1.22 points or 0.10% and the Nasdaq rose 4.11 points, or 0.16%.
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