We try to start the week by reviewing the dollar to get a direction where most major currencies will go.
As can be seen in the graph above we are still in the pattern with support and resistance and the price of the dollar is relatively close to resistance which leads us to the decision to stay with a sell signal as we were last week.
The target is 95.90
If the XLM loses the area of the yellow circle, the price will drop.
And if the price goes out of the top of the circle, the price will rise.
It's better to wait until the result is clear.
Remember that nothing in this world is 100%
According to the previous and current analysis, the pair knows a rapid rise in line with the geopolitical tensions and the upcoming war as the dollar is known as a major deterioration against most currencies and this is a suitable opportunity for traders for quick profits
I have seen countless charts for the Euro with trendlines that are typical to the yellow one I drew - they all hit somewhere at 1.05. If you trade using trendlines or incorporate them in your analysis, then you have be as objective as possible with them. The only way we could really be objective about trendlines is by perfectly lining up price points. Using that...