we hope you are trading well)
Let’s take a look to monthly resistance and support levels for EURUSD and Dollar Index.
According ForexTeam technical analysis, we see the following monthly price levels:
RESISTANCE = 1.1904-1.1942
SUPPORT = 1.1646-1.1590
If daily close price for EUR USD will be under 1.1794 than we are awaiting more bears pressure till price level 1.16
RESISTANCE = 94.6 – 94.74
SUPPORT = 92.89 – 92.34
If daily close price for Dollar Index will be above 93.27 than we are awaiting more bulls pressure till price level 94.6
P.S. ForexTeam sold EUR USD from 1.1835 and 1.1793 with TP1=1.16
here we are with the new USD index weekly report.
ForexTeam traders think that at present time (august-september) it could be price rebound from support level 93.00, the same picture like in Dec. 2016 – Jan. 2017, but now from other side.
Importaint resistance levels:
RES 1 = 94.64
RES 2 = 96.67
RES 3 = 97.87
Have a good week!