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"US Dollar Price Action: Thanksgiving Close in the Red as Investors Bet on Peaked US Rates"

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Source: DailyFX
"US Dollar Price Action: Thanksgiving Close in the Red as Investors Bet on Peaked US Rates"
Photo: DailyFX
TL;DR

The US Dollar Index (DXY) is caught between the 100 and 200-day moving averages, indicating rangebound trade ahead of the weekend. A catalyst may be needed for a breakout in either direction. EUR/USD and GBP/USD are showing mixed signals, with potential opportunities for long positions if certain support levels hold. GBP/USD has a clear pattern of higher highs and higher lows, with potential for a push towards the 1.2600 handle. Retail traders are indecisive about USD pairs, as shown by the IG Client Sentiment data.

Topics:businessfinance#dxy#eurusd#finance#gbpusd#price-action#us-dollar
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  1. US Dollar Price Action Setups: DXY, EUR/USD, GBP/USD  DailyFX
  2. US Dollar to close Thanksgiving in the red as markets snooze  FXStreet
  3. Dollar drifts as markets weigh US rates outlook  Reuters
  4. Investors dump dollar in bet that US rates have peaked  Financial Times
  5. View Full Coverage on Google News

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