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USD Near Key Support - Watch These Levels

Published 05/11/2015, 01:36 PM
Updated 07/09/2023, 06:31 AM

  • Euro at risk as it breaks key short-term trendline, US dollar holding firm
  • Volume profile of key US dollar pairs shows Greenback at major support
  • Sharp drop in volatility shifts our strategy trading focus to Momentum2 system

The US Dollar trades near critical support versus the Euro and Japanese yen. Here are the key levels we’re watching.

Forex Volatility Prices Drop Noticeably as Event Risk Slows

FX Volatility

Data source: Bloomberg, DailyFX Calculations

Currency Pair Conditions and Trading Strategy Bias

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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