King Dollar Dominates Start Of Week Hitting 17 Month High

King dollar has dominated the start of the week with the US dollar index hitting a 17-month high. Today we take a look at EUR/USD, GBP/USD and USD/CHF daily charts.

EUR/USD Daily

  • Broke key support of 1.13 after European open and sits at a 17-month low.
  • Bearish pinbars have marked three prominent, lower highs.
  • Next major support is around 1.1120 near the June ’17 lows.

EURUSD Daily Chart

GBP/USD Daily

  • A continuation gap points to further downside for cable.
  • Whilst technically within a range, a series of lower swing highs have appeared across the top of its range.
  • A run towards August’s low is favoured whilst beneath 1.2958.

GBPUSD Daily Chart

USD/CHF Daily

  • The Swissy is considering a break to an 18-month high.
  • Only minor pullbacks have been seen since the September low to denote a strong trend.
  • A break above 1.0108 clears the April ’17 and May ’17 highs and brings 1.0170 into focus.

USDCHF Daily Chart

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