The dollar continued to range and trended slightly lower.
The bearish movement can be seen as a pullback for the previous bullish trend which saw the minor bearish structure broken.
On the other hand, the dollar is very oversold and hasn't pulled back significantly enough even though the current highs are still trading lower.
This week, we will still maintain our bullish bias and continue to buy the dollar as part of a short-term trading strategy.
The bearish movement can be seen as a pullback for the previous bullish trend which saw the minor bearish structure broken.
On the other hand, the dollar is very oversold and hasn't pulled back significantly enough even though the current highs are still trading lower.
This week, we will still maintain our bullish bias and continue to buy the dollar as part of a short-term trading strategy.
