ood indication of other major currencies #DXY#DOLLAR
Like every week, we try to analyze the dollar first so that we have an understanding of everything else.
On April 22 the dollar made its breakout after six failed attempts but stopped very quickly (usually in the event of a breakout we expect long rallies to continue), its fall stopped just in support and this morning the dollar is rising slightly.
The most likely scenario is: the dollar is returning to the upside and bypassing its previous record.
The less likely scenario the USD continues to fall and breaks support and then its next target will be Area 95.
On April 22 the dollar made its breakout after six failed attempts but stopped very quickly (usually in the event of a breakout we expect long rallies to continue), its fall stopped just in support and this morning the dollar is rising slightly.
The most likely scenario is: the dollar is returning to the upside and bypassing its previous record.
The less likely scenario the USD continues to fall and breaks support and then its next target will be Area 95.