The U.S. Dollar Index High Touch 2 Months. The U.S. dollar touched 2 month high against a basket of currencies on Monday after U.S. jobs data released last week that emphasizes the strong fundamentals of the U.S. economy. As the dollar held near a four month high against the yen and the euro are also touched the low 5 weeks, despite the uncertainty of the election on Tuesday may still not provide a strong potential for what will happen later. The U.S. Dollar Index, an index that measures the value of the U.S. dollar against six other currencies, moved up for highest at 80 629 points, its highest level since 7 September.
Stuck Below Yen 80.50
Yen get early start position to start the high level at 80.54, though only last a moment, when the yen back to the initial level and the session low of sessions recorded at 80.40. Currently prices are in the mid range of the movement, was last seen at 80.47, while the local stock market there is still showing mixed movements with a negative signal, with the Nikkei index is still moving down 0.33%, though still above the level of 9000.
"Graph per hour", said Valeria Bednarik, Chief Analyst at FXstreet, "shows the indicator SMA-100 were met with SMA-200, although some indicators represent the wrong side now, still in the middle price. In the 4-hour chart, technical readings also gave a saturated, although prices held near the height ", notes the analyst. He also went on: "in general is still bullish signal for the yen to rise in the surviving signal for the yen. Recent support in DMA-200, which hold the movement down a few times in the last week, today is about 79.60 ", concludes Bednarik.
Analysts said that the range of support that will be recorded at 80.30, 80.10 and 79.70. While the range of 80.60 resistance will be recorded, 81.00 and 80.45.
Euro Failure to Close Gap Weak Opening
The euro is currently at 1.2828, still fails to address the gap that has opened weaker early Asia-Pacific trading session, just two days before the U.S. presidential election. The euro has weakened more than 1.6% of the value of the weekly opening Monday. When Valeria Bednarik notes: "hourly chart shows the bearish momentum is still strong even though some indicators began to leave the oversold territory, while the 4-hour chart shows the trend of the movement down," the analyst said, adding: "Support strong, when broke 1.2800 , located on the 38.2% retracement at 1.2745 of bullish daily and high in June. There is a daily closing below it is expected to form a stronger selloff, and the 1.2610 level will likely happen this week. For the short term, the sale will be formed in the interest of previous support at 1.2880 area as an area of resistance ", concluded Bednarik.
Range of support recorded at 1.2820, 1.2790 and 1.2745, while resistance will be recorded in the range 1.2840, 1.2880 and 1.2910.
Stuck Below Yen 80.50
Yen get early start position to start the high level at 80.54, though only last a moment, when the yen back to the initial level and the session low of sessions recorded at 80.40. Currently prices are in the mid range of the movement, was last seen at 80.47, while the local stock market there is still showing mixed movements with a negative signal, with the Nikkei index is still moving down 0.33%, though still above the level of 9000.
"Graph per hour", said Valeria Bednarik, Chief Analyst at FXstreet, "shows the indicator SMA-100 were met with SMA-200, although some indicators represent the wrong side now, still in the middle price. In the 4-hour chart, technical readings also gave a saturated, although prices held near the height ", notes the analyst. He also went on: "in general is still bullish signal for the yen to rise in the surviving signal for the yen. Recent support in DMA-200, which hold the movement down a few times in the last week, today is about 79.60 ", concludes Bednarik.
Analysts said that the range of support that will be recorded at 80.30, 80.10 and 79.70. While the range of 80.60 resistance will be recorded, 81.00 and 80.45.
Euro Failure to Close Gap Weak Opening
The euro is currently at 1.2828, still fails to address the gap that has opened weaker early Asia-Pacific trading session, just two days before the U.S. presidential election. The euro has weakened more than 1.6% of the value of the weekly opening Monday. When Valeria Bednarik notes: "hourly chart shows the bearish momentum is still strong even though some indicators began to leave the oversold territory, while the 4-hour chart shows the trend of the movement down," the analyst said, adding: "Support strong, when broke 1.2800 , located on the 38.2% retracement at 1.2745 of bullish daily and high in June. There is a daily closing below it is expected to form a stronger selloff, and the 1.2610 level will likely happen this week. For the short term, the sale will be formed in the interest of previous support at 1.2880 area as an area of resistance ", concluded Bednarik.
Range of support recorded at 1.2820, 1.2790 and 1.2745, while resistance will be recorded in the range 1.2840, 1.2880 and 1.2910.
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