In the name of God, the most gracious, the most merciful
Before news of job opportunities last day, we expected that there would be a rise in the dollar index for the purpose of correction, and it corrected until the daily supply area reached, and then the news came negative
And coinciding with the selling area, the index then fell. As for today, the markets are waiting for strong and very important news, the most important of which is (the interest rate decision issued by the US Federal Bank), and we expect a very violent movement in the markets. As the dollar is still under the influence of selling and selling pressure.
(expect)
After the dollar touched the offer, it fell directly to the daily demand area, which ranges between (101.60) – (100.79).
It is expected that the decline will continue and this demand area will be broken if the news is supportive of the negative technical movement, meaning that if the news is negative, it will support the price to break the current demand and head to the demand that is between (100.54) (99.55).
But if news comes that pushes the dollar up, there will also be opportunities to sell the dollar during its correction from the supply areas above, and the analysis will be updated in time for the purpose of informing you of all that is new.
