In the name of God, the most gracious, the most merciful
The dollar is trading at lower levels at the (101) areas, and it also made signals that warn of more negativity and the continuation of the decline, as it made a negative monthly closing and broke the last monthly bottom (100.820), and it made bearish price behavior on the weekly time frame, as it formed an excellent downtrend.
(we expect)
الMore downside for the dollar in the next week, as it is now trading casually between (102.661) and (100.780).
It is expected to rise slightly for the purpose of correction to the selling levels (101.883) – (102.308)
Where we expect the dollar to descend directly from these levels, and if it surpasses them and reaches the areas of (102.767) – (103.055), we also expect these levels to push the dollar down and end its upward correction. It will be positive only if it builds and closes above (103.055).
It is possible to see levels (100.788) for the dollar ….
note /
The dollar can be sold against the pairs when it reaches the aforementioned selling levels, provided that Price Action signs appear that support the decline.
