From a technical perspective, the dollar index continued to shock in a symmetrical triangle on the daily chart the direction of the market outlook is uncertain. Today, the U.S. dollar index short-term resistance in the 79.55-79.60 important short-term resistance in the 79.80-79.85; dollar index short-term support in 79.15-79.20, short-term support in the 79.00-79.05. Today, we still can wait for the occasion of the U.S. dollar intraday rebound continue to short the dollar. If the dollar first fell to 79.00 to be supported, we take a short dollar position temporarily open wait and see,
April 23, the “smart transactions” Member 1.3217 to Nike Heels NZ do more than EUR / USD fell below 1.3137, stop loss, is a failure of short-term trading strategies. Fu Qiang, a teacher shouted in 1.3150 single to do more than the euro / dollar up to rebound to 1.3160, the short-term net profit of less than 30 points or more, is an unsuccessful short-term shouting single strategy. More than a single situation are accurately summarized our member customers can track.
Show, UK March public sector net borrowing of £ 15.87 billion, exceeding the expected 14.4 billion pounds a year earlier to 15.104 billion pounds; the month the government deficit of 16.508 billion pounds, the expected surplus of 11.9 billion pounds. At the same time, excluding financial sector interventions, UK March public sector net borrowing was £ 18.2 billion, the highest since November 2010, a new high, before correction for the 12.2 billion pounds.
U.S. Richmond Fed data released April Richmond Fed manufacturing index was 14, much higher than March 7. The index is higher than 0 means that manufacturing is expanding, lower than 0 manufacturing sector contracted.
From a technical perspective, the U.S. dollar gradually close to the edge of the support under the symmetrical triangle, but it is not effective below. Today, the dollar index short-term support at 79.05-79.10, short-term support in the 78.90-78.95; today’s dollar index short-term resistance at 79.25-79.30, short-term support in the 79.40-79.45. Today, we can wait for the dollar index fell to between 79.00-79.05 short-term to do more than $ shorting the euro, the dollar index fell 78.90 stop loss. Yesterday, our members earn 50 – 60 points open approach to do about 1.3146. In fact, foreign exchange trading is a technical game, you not only want to analyze accurately, but also the courage to start. Bold but cautious at the same time, as to leave an escape route is an invaluable asset.
On the last Friday of the foreign exchange market, the dollar continued to show a weaker form. The dollar index fell to 79.13, closing at 79.19. EUR / USD rose to 1.3224, closing at 1.3214.
Last week, the Group of 20 (G20) leaders nike dunk high heels pledged to the International Monetary Fund (IMF) to provide more than $ 430 billion of additional resources, making the latter’s resources have nearly doubled. Management Committee of the European Central Bank (ECB), Nowotny said, for the time being no reason to restart the European Central Bank debt purchase plan, the euro area demand for credit is expected to grow, material supply, no major restrictions.