US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, AUD/USD
As the US dollar continues to show strength in the foreign exchange market, here are some key setups to keep an eye on:
EUR/USD: The Euro has been struggling against the US dollar, with a potential breakout below key support levels. Traders should watch for further downside momentum in this pair.
GBP/USD: The British pound has also been under pressure, as Brexit uncertainties weigh on the currency. Traders may look for opportunities to sell rallies in this pair.
USD/JPY: The US dollar has been gaining ground against the Japanese yen, with a potential breakout above key resistance levels. Traders could consider long positions in this pair.
AUD/USD: The Australian dollar has been weakening against the US dollar, as concerns about the global economy persist. Traders may watch for further downside in this pair.
Overall, the US dollar remains strong in the forex market, with potential trading opportunities in these key currency pairs. Keep a close eye on price action and key support and resistance levels for potential setups.