Dollar moves higher ahead of Trump

Technical Analysis

Author: Greg Michalowski | dollar

Moves to the head of the table

The USD has been pushed higher ahead of the Trump press conference at 11:00 AM ET.  

A snapshot shows the GBPUSD continues to suffer the most with the GBPUSD now trading below the October flash crash lows at 1.2082. The low reached 1.20369.


The EURUSD has tumbled 0.78% and traded below the 1.0462 level. That was the low from 2015.  The low extended to 1.0453. The corrective move higher just reached the 100 bar MA on the 4-hour chart at 1.0476.  If the pair has gone enough, a move back above that level will be eyed now. 


The USDJPY moved above the 200 hour MA at 116.65 but stalled near the 50% and trend line resistance near 116.83. The price has moved back to the 200 hour MA.  Will the level hold support now?


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