In the name of God, the most gracious, the most merciful
After the positive data on the dollar at the end of last week, the dollar remained under selling pressure, as it corrected slightly for the supply area from which I expected the dollar to descend, and I mean the area (101.96 – 101.63), and the dollar closed at the end of the week with a negative closing with a bearish red candle. The dollar is now trading sideways below the supply area.
(expect)
The area of -101.0 will be the borderline, as if it is broken, the dollar will head to 100.78, and then to the demand located at 99.37.
If the dollar corrects upward to the supply area 101.96 – 101.63, it can be sold with confirmations (price action), and if it rose above this supply area, it will face the daily supply area (102.0 – 102.80), from which it can be sold after confirmation.
