EUR/USD jumped half a cent in early Friday morning, as E.U. and Italy reached a deal on immigration. That led to broader U.S. dollar selling, with USD index repeatedly rejecting prices above 95 (also 200 WMA). The displayed momentum suggests continuation. That being said, EUR/USD is likely to encounter some resistance near 1.175, if not earlier.
Community Blog
FX markets will soon open for the year
Most markets are still closed but will soon kick off into what I expect to be a volatile year ahead. U.S. dollar index posted a lowest monthly close in three years while EUR/USD closed 2017 above 1.20. Will we see a repeat of January 2015, just in reverse?
BTW: I'd like to express my gratitude to Dukascopy for providing outstanding products, services and support, and to fellow community members for their support, suggestions and ideas. I wish everyone a healthy, happy and successful year ahead!
BTW: I'd like to express my gratitude to Dukascopy for providing outstanding products, services and support, and to fellow community members for their support, suggestions and ideas. I wish everyone a healthy, happy and successful year ahead!