Category: Forex News, News
US Dollar Price Forecast: DXY Faces 102.26 as EUR/USD and GBP/USD Await US CPI
Resistance, where sellers may return, starts at 102.259, then 102.488. Support, where buyers may step in, stands at 101.891, followed by 101.704.
RSI, a gauge of buying and selling strength, remains above 50 but has crossed beneath its signal line, a slower average of RSI. My bias is neutral while DXY holds above support at 101.891. A two-hour close above 102.259 and the trendline would favour renewed upside; below 101.891 would turn the immediate bias bearish.
GBP/USD Technical Analysis: Trendline Bounce Reclaims 1.3373 Pivot
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