The US dollar has followed last week’s analysis, reaching the 103 mark. After a week of negative news for the Dollar, the price experienced a significant drop.
According to our calculations, the price will likely recover to 103.3 before continuing to decline towards the target around 102.
Currently, the dominant trend is downward, so you should not place orders that go against the trend.
Notice that, on Thursday evening, the unemployment claims report will be released, which will significantly impact the price.
Therefore, always remind yourself to adhere to risk management principles to create a steady stream of profits and gradually achieve financial and mental freedom.
We wish all investors intelligent and effective investment strategies. Stay tuned for the next US Dollar updates.
By Pham Thanh Bien
