Dollar reverses its moves from overnight trading, what’s next?
The dollar retreats to start European trading
![](https://dayfinanceltd.com/wp-content/uploads/2020/11/11-24-2020-4-28-02-pm-1024x433.png)
The aussie and kiwi looks set to secure breakouts against the dollar as we get into trading today but against the euro and pound, the dollar is still reversing its moves from overnight trading for the most part.
EUR/USD is looking poised to head towards another retest of 1.1900 while GBP/USD is once again starting to take aim at the 1.3400 handle.
Despite the more positive risk backdrop, the move here looks to be more of a pullback after the short squeeze in overnight trading that came after US PMI data.
I would argue there’s some elements of profit-taking and month-end rebalancing flows somewhere in that picture, and we’re seeing that normalise currently.
That said, the breakouts in AUD/USD and NZD/USD respectively does warrant some attention with the former potentially looking towards the year’s high @ 0.7414 while there is little stopping the latter from a move towards its June 2018 highs @ 0.7050-60.
So, what’s next for the greenback?
In my view, the euro and pound levels above are key points to be aware of as that will help to solidify any notion of a further dollar breakdown in the short-term.
The dollar index (not my favourite) is also pointing towards a retest of a decent support level and that might warrant further caution as well if that breaks:
![](https://dayfinanceltd.com/wp-content/uploads/2020/11/11-24-2020-4-30-00-pm-1024x424.png)
Another point to note is that while the dollar is sagging to start the session, gold is still down by 0.6% and can’t keep its head above water. I reckon that says a lot about gold sentiment at the moment with a retest of $1,800 looking more likely as such.
Source: Technical analysis
Comments (59)
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] There you can find 57104 more Information on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] There you will find 13492 additional Information to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] There you can find 85445 additional Information on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Here you will find 20846 additional Info to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] There you will find 63518 more Information to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
Dandelion Tea Benefits for Detoxification finasteride 5 mg generic tablets Propranolol, clonazepam, carbamazepine, and topiramate have been found to be effective
Let me share some things I ve done priligy usa We are proactively protecting the community s health, Tobe said
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Here you will find 61290 more Info to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
Some really excellent info I look forward to the continuation.
I appreciate you sharing this blog post. Thanks Again. Cool.
I m often to blogging and i really appreciate your content. The article has actually peaks my interest.
I m going to bookmark your web site and maintain checking for brand spanking new information. Watch bbc persian news
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
This is my first time pay a quick visit at here and i am really happy to read everthing at one place
Pretty! This has been a really wonderful post. Many thanks for providing these details.
There is definately a lot to find out about this subject. I like all the points you made
Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] There you can find 49981 more Info on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Here you can find 92410 additional Information on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
I very delighted to find this internet site on bing just what I was searching for as well saved to fav . <a href="http://navi-mxm.dojin.com/cgi-bin/ys/rank.cgi?mode=link
Metal export compliance Aluminium byproduct reclamation Aluminium scrap annealing
Scrap metal recycling solutions, Aluminum cable scrap reuse, Electronic waste recycling
Scrap metal recuperation Aluminium scrap secondary processing Scrap aluminum collection centers
Metal recuperation yard, Selling aluminum cable for cash, Scrap metal recovery strategies
Scrap metal reprocessing and reclaiming Aluminium scrap landfill diversion Scrap aluminium handling procedures
Scrap metal reclamation and recovery solutions, Purchase aluminum cable, Metal waste reclamation and recycling
Metal scrap heap Aluminum scrap recycling company Aluminium stamping recycling
Scrap metal traceability, How to recycle aluminum cables, Metal waste analysis
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
Scrap metal reclaiming and reprocessing Metal recycling and reclamation center Iron scrap reclamation services
Ferrous waste transportation, Iron scrap reclaimer, Metal recovery solutions center
Metal utilization Ferrous material technology Iron waste reclaiming and reuse
Ferrous material permits, Iron scrap separation, Metal scrap reclamation and utilization
Scrap metal value evaluation Ferrous scrap recycling Iron repurposing services
Ferrous material business intelligence, Iron reclamation yard, Scrap metal brokerage
Metal scrap sustainability Ferrous material industrial collaboration Iron scrap compaction
Ferrous material baling methods, Iron waste reutilization center, Metal waste inspection
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
Recycling yard management Ferrous material recycling safety Iron and steel scrapping and recycling
Ferrous metal industry studies, Iron recovery and reprocessing, Scrap metal shredding
Precious metal extraction Ferrous material content creation Iron reclaiming operations
Ferrous scrap energy efficiency, Scrap iron reclaiming yard, Scrap metal recycle
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]
Hello!
Do you have a website and want more people to visit it? Do you want it to rank high in search engines and bring in more customers? We have the perfect solution for you!
We offer unique databases and keys for use with Xrumer and GSA software, which will help you:
– Attract More Visitors: Increase traffic to your site using powerful link-building tools.
– Boost Your Search Engine Rankings: Improve your site’s positions on Google and other search engines.
– Save Time and Money: Instead of spending resources on complex and expensive marketing campaigns, you can use ready-made solutions that work.
What We Offer:
– Xrumer databases: Specially selected and verified databases that will help you create quality backlinks and increase your site’s visibility.
– GSA Databases and Keys: Easily integrable databases and keys that allow you to automate the link-building process and enhance your SEO.
Why Choose Us?
– Proven Quality: Our databases and keys undergo strict verification to ensure maximum effectiveness.
– Ease of Use: You don’t need to be an expert in SEO or link building. Our solutions are intuitive and easy to use.
– Support and Consultation: We are always ready to help and answer any questions so you can make the most of our products.
Don’t miss the chance to take your website to the next level! Order Xrumer and GSA databases today and start attracting more customers.
Best regards, Drop Dead Studio!
Contact us now to learn more and take the first step towards success!
To contact us, write to telegram https://t.me/DropDeadStudio
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/dollar-reverses-its-moves-from-overnight-trading-whats-next/ […]