The pairs current significant movements are news oriented so there is a bit of uncertainty !
But, the Dollar index have been oversold last week after the FOMC Conference reaching lows near 95.20 where it faced significant support and reversed to the 95.61 area.
The expectations for next week could be the 96.00 level if it breaks through the 800 EMA and the 0.382 Fib level around the 94.70 are.
A break will open the door for highs such us the daily trendline around the 96.30 area.
Fundamentals:
Looking ahead, the greenback is expected to remain in the centre of the debate in light of the release of the critical ISM Manufacturing and the final gauge of the Consumer Sentiment.
If the change on ISM PMI is not significant the pair it could be trapped within the 95.60 -96.00 area
But, the Dollar index have been oversold last week after the FOMC Conference reaching lows near 95.20 where it faced significant support and reversed to the 95.61 area.
The expectations for next week could be the 96.00 level if it breaks through the 800 EMA and the 0.382 Fib level around the 94.70 are.
A break will open the door for highs such us the daily trendline around the 96.30 area.
Fundamentals:
Looking ahead, the greenback is expected to remain in the centre of the debate in light of the release of the critical ISM Manufacturing and the final gauge of the Consumer Sentiment.
If the change on ISM PMI is not significant the pair it could be trapped within the 95.60 -96.00 area