As shown on the chart above,
The dollar index, which is the value of the US dollar relative to a basket of foreign currencies, gained strength this week after hitting a multi year trend line support (2011-2020) and a horizontal support around 92.10.
This explains the bearish move for the EUR/USD, which lost around 200 pips in a week.
Not to mention GBP/USD which lost more than 250 pips in a single day.
The bullish DXY move was supported by some fundamentals like rising Covid-19 cases in the European continent and worse than expected PMI data in Germany and France.
Good luck
The dollar index, which is the value of the US dollar relative to a basket of foreign currencies, gained strength this week after hitting a multi year trend line support (2011-2020) and a horizontal support around 92.10.
This explains the bearish move for the EUR/USD, which lost around 200 pips in a week.
Not to mention GBP/USD which lost more than 250 pips in a single day.
The bullish DXY move was supported by some fundamentals like rising Covid-19 cases in the European continent and worse than expected PMI data in Germany and France.
Good luck
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。