Dollar: Weekly Forecast 27th – 31st Jan 2020

While the dollar has climbed for the 3rd consecutive week, it is notable that a bearish cypher is about to form just before a 3-month supply zone.As such, the dollar may face with strong bearish force once it surfaces above 98.This week, the market will be watching for the tone of the Fed while expecting rates to be unchanged.We will be observing for a bearish structure as the price climbs to 98.1 and look for an opportunity to sell the dollar.

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