USD Driving on Tariff Drama
The Dollar put in a massive move to start the week but already a large portion of that has been pared back. On a longer-term basis, it was support at prior resistance last week that held the lows, around the 107.35 level that came in to mark the highs in 2023.
The next major focal point on tariffs is Europe and given the outsized 57.6% allocation of the Euro in the DXY quote, that could have a large push point in the US Dollar.
In DXY, the 110.00 level is key resistance and bulls haven't been able to do much above that price yet.
Bigger picture, if sellers can sink the pair back below 106.50, then mean reversion setups come back on the radar and that would likely couple with a EUR/USD push back towards a 1.0700-1.0800 area, and USD/CAD back towards 1.4000 or lower. - JS
The next major focal point on tariffs is Europe and given the outsized 57.6% allocation of the Euro in the DXY quote, that could have a large push point in the US Dollar.
In DXY, the 110.00 level is key resistance and bulls haven't been able to do much above that price yet.
Bigger picture, if sellers can sink the pair back below 106.50, then mean reversion setups come back on the radar and that would likely couple with a EUR/USD push back towards a 1.0700-1.0800 area, and USD/CAD back towards 1.4000 or lower. - JS
Feragatname
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.