Dollar short-term short

١٥ مارس ٢٠٢١

Dollar is set to lose some strength on the technical stand point on the intra-day side. This will be a very interesting week ahead upon the FOCM Economic projections and the Fed's interest rate decision this coming week on Wednesday 17 March. The USA government has also passed the Stimulus bill which means more quantitative easing. The Fed chair has already stated that they do not plan on raising interest rates anytime soon which could lead to make many of assume that the dollar might lose some strength, but also good financial projection could also lead to investor confidence and a stronger dollar. Will be very interesting obviously I'll be lead with what the charts tell me and will wait to see how price action plays out during this week.