U.S. Dollar Pulls Back From Multi-Week Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
From fxempire.com
U.S. Dollar Index is losing some ground as traders take some profits off the table near multi-week highs. Traders also stay focused on recent developments in the Middle East. Iran and Israel attacked each other but agreed to halt attacks after President Trump intervened. WTI oil is up by just 1% as prices have already pulled back from session highs. Interestingly, the clash between Iran and Israel did not raise demand for the American currency. In case U.S. Dollar Index stays above the resistance at 99.70 – 99.85, it will head towards the next resistance level, which is located in the 100.50 – 100.65 range. On the ...
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