The past week was a sideways trend with a recovery of the US Dollar. The price trend has not yet broken through the resistance zone around 100.
Forecast for this week: with several key reports like PMI, the Unemployment Rate, and especially Non-Farm Employment Change, it’s highly likely that the US Dollar will breakout a key level and drop to the convergence support zone around 98.
So, we’ll wait for the price to recover around 100.4 and get ready for the upcoming drop. Make sure to adhere closely to the principles of capital and size management, as well as risk management, to minimize risks and aim for sustainable success.
Wishing investors smart and effective investment strategies! And stay tuned for the next US Dollar updates.
By. Pham Thanh Bien
