The Us dollar was very strong last week because of a positive NFP report but I think the US dollar will lose some strength when it gets to the support level. There will be a rebound in price at the support level. If there is a break below the support level, this shows great strength of the US dollar and the price will move more further to the downside.
This is a great currency pair to watch out for because I guess all professional traders have their eyes on this support level.
This is a great currency pair to watch out for because I guess all professional traders have their eyes on this support level.