The U.S. dollar edged lower Friday, with risk sentiment boosted by the news that the U.S. and Russia were set to discuss the Ukraine crisis next week, raising hopes for a diplomatic solution.
The short term trend remains down, but trade is fighting to hold and rebounded off the 1.1311 target. Market action alerts for a potential bottoming turn. We may see dips around 1.1311, but a close under 1.1311 is needed to renew bear pressures. A close over 1.1390 alerts for a short term bottoming turn.
Resistance 2 1.1397
Resistance 1 1.1377
Support 1 1.1337
Support 2 1.1311
The short term trend remains down, but trade is fighting to hold and rebounded off the 1.1311 target. Market action alerts for a potential bottoming turn. We may see dips around 1.1311, but a close under 1.1311 is needed to renew bear pressures. A close over 1.1390 alerts for a short term bottoming turn.
Resistance 2 1.1397
Resistance 1 1.1377
Support 1 1.1337
Support 2 1.1311
