US Dollar Talking Points:
- The US Dollar printed a doji last week after running into a key spot of support at 103.82, which was the 2017 high in DXY.
- EUR/USD started to test a key spot of support today, along with a similar observation in GBP/USD. Commodity currencies have been beset by weakness of late, as illustrated in bullish breakout potential in USD/CAD and bearish breakdown potential in AUD/USD.
- The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.
Recommended by James Stanley
Get Your Free USD Forecast
We have but two weeks left in the year and this week, despite being the lead-in to the Christmas holiday set for this Sunday, still has some high-impact US data for traders to work with. Friday brings the release of PCE which is the Fed’s preferred inflation gauge. After last…