AlgoVenture

Dollar: Weekly Forecast 3rd - 7th June

Short
TVC:DXY   U.S. Dollar Index
The dollar climbed in the first 4 trading days and attempted to break new high above 98.3, only to find itself rejected and plunged.
The strong bearish candle on the last trading day was enough to wipe out all gains.
In this week, it is almost inevitable for the dollar to fall further and will most likely retest the demand zone right below 97.3.
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