US Dollar Trading Strategies: EUR/USD, GBP/USD, USD/JPY, EUR/JPY, GBP/JPY
Market Movements Since the Recent Webinar
In the days following last week's webinar, markets have experienced significant shifts. Although there is still uncertainty surrounding the ceasefire and its impact, the US Dollar's trajectory has been notably straightforward. By the time of this webinar, the Dollar had dropped to the 's3' support area identified last week. This level previously acted as resistance during February's ascending triangle pattern, which set the stage for the early March breakout amid rising tensions in Iran.
Since the last session, both EUR/USD and GBP/USD—two pairs positioned for Dollar weakness—have surged, with the British Pound showing particularly strong gains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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