DOLLAR INDEX EXPECTED TO FALL 3rd-4th WEEK OF JUNE 2020
Fundamental -
Dollar index expected to fall due to the fundamental analysis of the social & economic status in the US. as of 21st June, COVID 19 death toll in the US Reaches 110,000 people. This definitely will affect US economy in the coming month, making the greenback weakened.
Technical -
Dollar Index is now on 38.2 retracement point on Fibonacci Retracement and may fall anytime in the 3rd week of June. Anyhow, the dollar index famously followed 61.8 retracement points. It is safe to short and sell the USD pairs when it breaks below 97.50
Dollar index expected to fall due to the fundamental analysis of the social & economic status in the US. as of 21st June, COVID 19 death toll in the US Reaches 110,000 people. This definitely will affect US economy in the coming month, making the greenback weakened.
Technical -
Dollar Index is now on 38.2 retracement point on Fibonacci Retracement and may fall anytime in the 3rd week of June. Anyhow, the dollar index famously followed 61.8 retracement points. It is safe to short and sell the USD pairs when it breaks below 97.50
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