We can expect the dollar to get weaker due to negative NFP
US dollar index is trading close to the September 2020 high. I expect price to extend towards this high at around 94.760 and fall to 93.500 and later to 92.000.
This September 2020 high is very strong as price reacted there quite sometimes, acting as support and resistance in the past. I believe price will be held strongly there and bears will defend this area and push price down.
With NFP data that came out negative on Friday, I expect the dollar to weaken the coming week.
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This September 2020 high is very strong as price reacted there quite sometimes, acting as support and resistance in the past. I believe price will be held strongly there and bears will defend this area and push price down.
With NFP data that came out negative on Friday, I expect the dollar to weaken the coming week.
Please support this idea with likes. Do also share you thoughts on this in the comment section below.