Category: Forex News, News
US Dollar Price Forecast: Five Central Banks Loom, DXY Holds 101.60 as EUR/USD, GBP/USD Coil
Support, where buyers tend to step in, is 101.60, then 100.87. Resistance, where sellers tend to step in, is 102.00, then 102.43.
RSI, which measures the strength of recent buying and selling, is around 46, which is neutral. My bias stays neutral while DXY trades between 101.60 and 102.00. A close below 101.60 would favor sellers, while a move above 102.00 would favor buyers.
EUR/USD Technical Analysis: Euro Holds 1.1189 Inside Triangle as 1.1257 Comes Into Focus
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