The US dollars is in trouble as we can see from the weekly chart. If it fails to hold at the current support at 101.822 , I expect it to falls below 100 to 98 dollars as shown on chart.
That means it is a good chance to accumulate or go long on the Euro dollars. We can see that it has retested the resistance level at 1.079 several times but it won't be long before it breaks above it, imo.
That means it is a good chance to accumulate or go long on the Euro dollars. We can see that it has retested the resistance level at 1.079 several times but it won't be long before it breaks above it, imo.
Comment:
The US dollar is meeting its triple top resistance zone again. It might breaks above and continue to rally or retrace