Similarly to Gold but the exact opposite direction, Dollar have been in a downward trend breaking key supports since 20th March candle. It paused on 1st September giving a slightly retracement to the extreme oversold situation due to fundamentals changes(Fiscal Stimulus, Near Zero Interest Rate).
I prefer price to be moving back to the key resistance next week for a final Dollar retracement push before resuming its downward movement since the chart is not showing much of a sign. It is better to wait out and see how the market react before we enter a trade to protect our capital!
I prefer price to be moving back to the key resistance next week for a final Dollar retracement push before resuming its downward movement since the chart is not showing much of a sign. It is better to wait out and see how the market react before we enter a trade to protect our capital!