20.10.2017 • 13:00 GMT
USD Price Action Setups Ahead of ECB
- The first market that we looked at was the U.S. Dollar. The Greenback put in a steady stream of strength after last week’s CPI report, but has since seen sellers come-in ahead of a key zone of resistance that runs from 94.08-94.30. While this could be attractive for bearish continuation, the messy nature of near-term price action makes an immediate setup unclear. We looked at two different areas to watch in order to implement a directional approach on the U.S. Dollar.