The market is clearly bearish, and I do not recommend buying the dollar at the moment.
If the price breaks through the important zone between 98.525 and 96.725, we could see a move down toward the next zone between 95.935 and 94.790.
This lower zone is a key support level if it gets broken, the dollar could face a very difficult situation.
If the price breaks through the important zone between 98.525 and 96.725, we could see a move down toward the next zone between 95.935 and 94.790.
This lower zone is a key support level if it gets broken, the dollar could face a very difficult situation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.