Despite the Federal Reserve's efforts (Taper Talk but No walk..) to keep the dollar higher the price has been flirting with that drop almost everyone had been expecting back in November-December 2020.
The dollar has been managing to lift higher mostly on 'we might increase the interest rates' statements (aka Hawkish) but that would immediately cause turbulence in the stock markets every single time..
Technically, the price has been going sideways around majot support, and this could finally be the time to drop significantly lower.
I expect a VERY interesting next week and maybe time to shift focus towards currency pairs (FX Market) as well as Gold and Silver.
the FXPROFESSOR
PS. check my idea below: Hawkish statement was expected and indeed it came, to save the dollar for another time but the price iss till under support and under MASSIVE PRESSURE!
The dollar has been managing to lift higher mostly on 'we might increase the interest rates' statements (aka Hawkish) but that would immediately cause turbulence in the stock markets every single time..
Technically, the price has been going sideways around majot support, and this could finally be the time to drop significantly lower.
I expect a VERY interesting next week and maybe time to shift focus towards currency pairs (FX Market) as well as Gold and Silver.
the FXPROFESSOR
PS. check my idea below: Hawkish statement was expected and indeed it came, to save the dollar for another time but the price iss till under support and under MASSIVE PRESSURE!
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