Dollar index continues to retreat

The question is where the dollar will stop after falling below the consolidation 104.00-104.60. By setting the Fibonacci on the chart, we see that the previous pullback was up to 50.0% of the level, followed by a bearish continuation and a break below the previous low at 104.85. This led to a drop to the 104.00 level, followed by a consolidation, a breakout below on Friday and the formation of a new low at the 103.80 level. The dollar remains under pressure, and the target zone of the next support is 103.45-103.70.

Kommentera:

Kommentera:

we arrived at the planned target zone