The US Dollar has followed last week’s analysis and is now showing signs of a reversal.
However, the price has only shown initial signs of a reversal and has not confirmed it yet, so we need more time to confirm the reversal.
According to our calculations, the price will likely recover to the convergence area around 103.5 and then move towards 101.8.
Note that this week, several important news events, such as the Advance GDP, Unemployment Claims, and Core PCE Price Index, will directly impact the strength of the Dollar. During these releases, there will be significant price fluctuations, so it’s important to adhere to risk management principles to avoid unnecessary losses.
We wish all investors intelligent and effective investment strategies. Stay tuned for the next US Dollar updates.
By Pham Thanh Bien
