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Dollar Loses Strength as EURUSD Breaks 1.06

Name: Dollar Loses Strength as EURUSD Breaks 1.06
Uploaded: 2023-10-23
Channel: David Kindley
Description: The greenback has kicked off the trading week in a negative stance.EURUSD and GBPUSD saw a bounce in fortunes as the 1.06 level was tested.With USDJPY also finding resistance, will the Fed propel the dollar at its next meeting? TimestampsEURUSD

By David Kindley Last updated Feb 9, 2026 51 0

The greenback has kicked off the trading week in a negative stance.

EURUSD and GBPUSD saw a bounce in fortunes as the 1.06 level was tested.

With USDJPY also finding resistance, will the Fed propel the dollar at its next meeting?

Timestamps

EURUSD 00:50

GBPUSD 02:10

USDJPY 03:00

Federal Reserve (FED)

David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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