US Dollar Technical Outlook: USD Clings to Support Ahead of CPI, Fed
The U.S. Dollar is holding a critical technical floor, with CPI and next week’s Fed decision poised to drive the next major move.
Written by
Michael Boutros
Sr. Technical Strategist
Euro Technical Outlook: EUR/USD Multi-Timeframe Analysis
U.S. dollar index support has held for four straight weeks, with consumer price index data and the Federal Reserve meeting set to resolve it. Michael Boutros, StoneX Media Senior Market Analyst, walks through the U.S. dollar across the weekly, daily and four hour charts. The monthly opening range is still taking shape above lateral support, and the dollar index has been straddling its 52-week moving average for several weeks. Consumer price index data lands first, feeding straight into how markets price the Federal Reserve decision that follows. The multi-week downslope remains intact while that support zone holds on a closing basis.
This content was created by an affiliate of StoneX Trading and represents the views and opinions of the author/speakers, not the views and opinions of StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by StoneX Trading
Key US Economic Data Releases
--- Written by Michael Boutros, Senior Technical Strategist
Follow Michael on X @MBForex
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