The US Dollar has been making some interesting moves against major currency pairs like the EUR/USD, GBP/USD, USD/JPY, and AUD/USD. Here are some price action setups to keep an eye on.
EUR/USD: The EUR/USD pair has been trading in a tight range, but a breakout could be on the horizon. Keep an eye on key support and resistance levels for potential trading opportunities.
GBP/USD: The GBP/USD pair has been showing some strength as the British Pound has been gaining ground against the US Dollar. Look for potential buy opportunities if the pair continues to trend higher.
USD/JPY: The USD/JPY pair has been consolidating after a recent uptrend. Watch for a breakout above key resistance levels for potential long trades.
AUD/USD: The AUD/USD pair has been trading in a range, but a breakout could be imminent. Keep an eye on key support and resistance levels for potential trading opportunities.
Overall, the US Dollar is facing some interesting price action setups against major currency pairs. Stay informed and watch for potential trading opportunities in the forex market.