Because the pattern created on the dollar this week will be critical.
As you can see in the last weekly candle, he created an inverted hammer that usually comes to announce a trend ending so it will be confirmed the upcoming candle should be red.
The dollar's inability to break resistance at 98.3 for the third time is a sign of weakness.
And with all that, one cannot ignore the technical signs that still point to the dollar's upward trend.
Our signal is a sell with a target of 97.3 in case the dollar breaks the 98.3 then the signal is canceled!
As you can see in the last weekly candle, he created an inverted hammer that usually comes to announce a trend ending so it will be confirmed the upcoming candle should be red.
The dollar's inability to break resistance at 98.3 for the third time is a sign of weakness.
And with all that, one cannot ignore the technical signs that still point to the dollar's upward trend.
Our signal is a sell with a target of 97.3 in case the dollar breaks the 98.3 then the signal is canceled!