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.
With this week’s analysis, the price trend is predicted to break out of the important level 100, moving towards 98.
This week is once again filled with important news, including GDP, unemployment claims, etc. Especially the Core PCE Price Index – the central bank’s and seasoned investors’ preferred inflation gauge.
When such news is released, prices tend to fluctuate unpredictably, so it’s best to avoid entering the market during key announcements and strictly adhere to risk management. Only by doing so can you achieve lasting and successful strategies.
Wishing investors smart and effective investment strategies! And stay tuned for the next US Dollar updates.
By. Pham Thanh Bien
