The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
US Dollar with a strong support around 89.96
2019-11-11 • Updated
The US Dollar continues to trade slightly above the psychological level of 90.00 and looks forward for a catalyst that drives the greenback to a decisive move. The support zone of 89.96 remains strong as a solid bottom and it should help to make a rebound towards the Fibonacci zone of 50% at 91.12. Around that area, we might expect some pullbacks in order to resume the bearish bias and to test the -23.6% Fibonacci level at 89.41.
RSI indicator remains in the negative territory.
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