What we see in the market?
Despite the speculative corrective downward movement of the dollar 🇺🇸 against some currencies, in general, the dollar feels stable and confident.
The Fed hints at a softening of the monitored policy, but one should not deny the fact that the dollar continues to be the most sought-after world currency. The global trend remains upward. The general mood of the market is bullish.
Smoothly, the price of the European 🇪🇺 currency is approaching a key resistance area, expressed by the sloping line of the global downward market. From this area a couple of weeks ago, we already saw a good bounce down.
Most likely the current week will be held in the framework of the correctional movement, which will be accompanied by low volatility.
After the decision on a soft Brexit, the market reacted with a rise in quotations of the British pound 🇬🇧. The naked eye can see that growth without increasing the volume, and therefore created artificially.
Conclusion sooner or later a powerful collapse can occur. Probably, for this, some insignificant news or macroeconomic statistics will be compromised. While the market is not very stable. Market makers made a real roller coaster.