Today’s session is marked by a strong recovery of the euro against the US dollar, following the good performance of equities which also reflects the risk-on sentiment among the investors.
EUR/USD - 4 hours time frame chart
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EUR/USD, 4 hours time frame chart. Source: xStation 5
On the other hand, on the US dollar index chart, we can see that the price is also breaking below the range, supported also by the 200 and 50 moving averages periods which continue to support the bearish sentiment.
Dollar Index, 4 hours time frame chart. Source: xStation 5
USD is leading the losses this trading session.
Heatmap. Source: xStation 5
Henrique Tomé, XTB Portugal
