FOREX MARKET UPDATE TODAY

The USDIndex seen taking a bashing as it got to 93.05 resistance and 50fib retracement level yesterday night. As the USD is down against the majors, Gold as a safe haven is seen appreciating but not in the same manner as the dollar Index.
Even with the rise in the covid19 cases in Europe, the Fiber & Cable are seen rallying hard with EURUSD being the better of the 2 off the 50 fib from this week’s W1 candle PA.
If you got an entry on the EURUSD or any pair today, don’t forget to practice proper trade management
( ie never let a winner turn to a loser)
Still on the US Stimulus bill but nothing concrete yet, it’s still a no deal until it officially becomes a deal.

 

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October 23, 2020

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