In the name of God, the most gracious, the most merciful
After the interest rate decision issued by the US Federal Bank, we saw more declines for the dollar, as I expected in my previous analyses, as the dollar reached the demand area (101.100), this area that it returned the time before this time.
The USD is still under selling pressure and is continuing as it generated a new supply area.
(expect)
More declines, whether after an upward correction or directly without correction.
The dollar can be sold from the supply area that it generated between the level (101.95) – (101.63), as any selling signal (price action supporting the downside) inside this area is considered a signal to sell the dollar from the area.
– If it rose above this area, it is also still under the influence of the daily supply area, which lies between (101.98) – (102.800), where any Price Action signals are considered a sign of the dollar’s direction downward. We can also support our analyzes with news, as the dollar reached areas The offer again before the news, and then during prices entering the selling areas, and the news came negative, so it will be more successful opportunities for selling the dollar
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