The dollar broke a 34-month high but faced strong resistance just before reaching 100.
The reversal came as soon as the U.S. reported a disappointing Markit manufacturing and services PMI.
But what really caused the dollar to fall is simply due to overbought sentiment.
The pullback is most likely temporary but the price is most likely to retrace further before it rebounds and resumes appreciation.
Watch for the demand zone at 98.7 to buy the dollar again.
The reversal came as soon as the U.S. reported a disappointing Markit manufacturing and services PMI.
But what really caused the dollar to fall is simply due to overbought sentiment.
The pullback is most likely temporary but the price is most likely to retrace further before it rebounds and resumes appreciation.
Watch for the demand zone at 98.7 to buy the dollar again.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.