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US dollar near 5-month highs as EUR and GBP searching for support

From fxpro.news

The dollar index rose to a 5-month highs area after disappointing PMI reports on Eurozone. EURUSD is eyeing key support at 1.1200. GBPUSD fell below 1.30 and tries to stay above its MA(200). Severities for AUDUSD’s trend for growth. The dollar index jumped to an area of highs since November last year amid a sale of European currencies. Since November last year, the dollar has been experiencing difficulties with growth above 97.00 on USDX, both due to the general demand for risky assets in global markets and due to softening of the Fed’s position. At the same time, rollbacks from the area of the local maximums in the ... (full story)

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  • Category: Technical Analysis