The dollar, after ending the month of December, has formed an evening star formation in the monthly chart.
The MACD base on the Daily chart is also trading below 0 on the verticle scale, signalling for more bearish movement to come.
The price is now retracing upwards and we can assume that it will resume falling as it retraces back to the 96.5 region.
The MACD base on the Daily chart is also trading below 0 on the verticle scale, signalling for more bearish movement to come.
The price is now retracing upwards and we can assume that it will resume falling as it retraces back to the 96.5 region.
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