EUR/USD Threatens Yearly Low As Euro Worries Back In The Spotlight

us dollar usd four hour price chart

Chart prepared by James Stanley

There’s been a bit of drama around 97.00 so far this year: The August run fell just short of that level, and the October move broke-through, if even for just a day as sellers came in with the November open.

Will buyers be able to successfully break-through on a third attempt? This will likely be linked in some way with dynamics in EUR/USD and whether the pair can break-below the 1.1300 handle. If we see risk aversion come back next week, that 97.00 level is exposed and we will likely see a third test.

US DOLLAR DAILY PRICE CHART: THIRD TIME THE CHARM FOR DXY AT 97?

(Click on image to enlarge)

us dollar usd daily price chart

Chart prepared by James Stanley

1 2 3 4
View single page >> |

Disclosure: Do you want to see how retail traders are currently trading the US Dollar? Check out our IG Client Sentiment ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.