The US dollar index slipped through 103.58 lows intraday on Tuesday before finding support again. The index is seen to be trading close to 103.90 at this point in writing as bulls remain inclined to push beyond the 104.40-50 interim resistance zone. Prices are poised to produce a sharp bullish breakout as long as 103.00 interim support holds well.
The US dollar index reversed from 114.70 highs earlier to produce a corrective drop. The three-wave decline might have terminated around 103.00 levels as seen on the 4H chart here. The index rallied through 104.50 thereafter, before getting range bound. It could be into its last phase of consolidation as bulls remain in control ahead of 103.00.
The US dollar index is likely to touch 105.50 and 107.00, taking out interim resistances as projected on the chart. If the corrective drop is complete at 103.00, prices would resume an uptrend and rise above 114.70 in the next few weeks. Alternatively, the index might find resistance around the 110.00-50 zone and turn lower again.
Potential rally against 103.00
Good luck!
週四,歐元/美元貨幣對延續其微弱的下跌走勢,與當前趨勢一致。整個星期,我們都在重複相同的觀點,因為市場上變化不大。
GBP/USD – 1小時圖 在週三,英鎊/美元貨幣對也陷入平盤波動,其波動性極低。整天幾乎沒有任何價格變動,沒有宏觀經濟事件。
歐元/美元 – 1小時圖 週三,歐元兌美元組合繼續按照上週的既有趨勢進行交易。當日市場活動有限,波動性非常低。
週三,GBP/USD 保持在其下降通道內。然而,一個更有趣的設置出現在4小時時間框架中,價格多次嘗試突破 Senkou Span B 線,但均未成功。
週二,英鎊/美元貨幣對繼續保持溫和的下行趨勢,這明顯具有技術性和修正性的特徵。在週一和週二,美國和英國均無重大宏觀經濟事件發生。
週二,歐元/美元貨幣對繼續依循現行趨勢進行溫和下跌。在經歷了一波相當強勁的上升後,市場開始進行修正。
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