The US dollar has maintained its slow upward trend in the first half of the week, continuing to form a fund, but has found resistance. It is atypical that the dollar and the US indices move in the same direction. However, this is the current situation, and is dragging due to tariff uncertainty.
The technical obstacle to growth was the 200 -day mobile average approach and the first line of the correctional rebound to 76.4% from the February decrease to the minimum of March. In addition, it is no longer so overst, according to the RSI index in the daily deadlines.
He went down to 1,0730 in the week, bouncing in its average of 200 days. This is almost an image of the dollar rate yield. The single currency managed to emerge at levels around which he had been floating during the previous two years. However, the softness of inflation data and fears of the effects of sanctions could reduce the euro.
He has been consolidating in a narrow range of 1.28-1.30 during the last three weeks, returning to its upper limit at the end of the week. The negative bias against the dollar is to push the cable to exceed the psychologically important round level of 1.30, which could be followed by a rise back to last year of last year about 1.34.
The FXPRO analysts team
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