In the name of God, the most gracious, the most merciful
Dollar index analysis
After the dollar touched the rescue area (101) in the previous day’s trading, it climbed to the supply area (101.784 – 101.949) a few hours ago.
(expect)
Likely scenario: continuation of the negativity and direction (101.400 – 101.00). When any price action occurs that supports the rise, we expect a repetition of the bullish correction like what happened today, and then we can benefit from this correction by buying the dollar against currencies and for targets – close -, but if the negativity remains dominant, it will break and head towards The demand is located in the area (100,525).
The second scenario: Either if the dollar penetrates the current supply area to the upside, there will be a high probability of starting and continuing the rise, and prices will head upward…
