Global markets tread cautiously today amid rising Middle East tensions and investor jitters ahead of the Fed’s policy decision. Israel’s continued airstrikes on Iran, now in their 6th day, are weighing heavily on sentiment, with European stocks and oil prices lacking direction.
📊 US Dollar Watch:
Traders are closely eyeing the U.S. Dollar Index (DXY) weekly chart:
• 🔻 Price hit a new low, but RSI divergence signals waning downside momentum.
• ⚠️ Approaching long-term uptrend support from 2011 near 96.30 — could trigger profit-taking.
🪙 EUR/USD Weekly:
• ⚠️ Momentum fading as it nears the 78.6% retracement at 1.1696.
• RSI shows bearish divergence despite recent price highs.
📌 Key Takeaway: Charts suggest potential for a pause or reversal in recent USD weakness.
This is not investment advice.
#Forex #USD #EURUSD #DXY #FederalReserve #Markets #TechnicalAnalysis #Geopolitics #Trading
📊 US Dollar Watch:
Traders are closely eyeing the U.S. Dollar Index (DXY) weekly chart:
• 🔻 Price hit a new low, but RSI divergence signals waning downside momentum.
• ⚠️ Approaching long-term uptrend support from 2011 near 96.30 — could trigger profit-taking.
🪙 EUR/USD Weekly:
• ⚠️ Momentum fading as it nears the 78.6% retracement at 1.1696.
• RSI shows bearish divergence despite recent price highs.
📌 Key Takeaway: Charts suggest potential for a pause or reversal in recent USD weakness.
This is not investment advice.
#Forex #USD #EURUSD #DXY #FederalReserve #Markets #TechnicalAnalysis #Geopolitics #Trading
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
technicalanalysts.com
technicalanalysts.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.