Technical outlook : EUR/USD and Dollar Index

EUR/USD back to near 1.1800 level after the currency pair failed to break above 1.20. The bullish momentum slowing down for now and if the selling pressure continues the next levels to watch 1.1780 followed by 1.1750.


Dollar index rebounded from the 27 - months low, at the time of writing the pair trading above 93. The next upside to watching 93.40 then 94.00. On the downside side, the immediate support at 92.50.

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Great. This is very helpful. Let’s see when we will see the U.S. Dollar index moving to 94.