USD Technical Analysis: Kiwi near 4-week’s high supported at 0. USD, the world’s most popular currency pair, is moving at a slow rate. This eur usd forex prospectus frustrate many traders who are looking for those long-forgotten big breakouts. However, the comatose pace doesn’t mean choppy trading, at least now in these first days of 2018.
USD slipped to lower ground and found support at 1. 20, a round, psychological level of support that capped it in the past. USD reached a high of 1. 2089 in the first week of 2018, just two pips below the 2017 peak. It doesn’t get closer to this in respecting a key level of resistance. USD made a clear break below 1. 1960, fresh momentum sent the pair lower.