The dollar may enter a correction

2022년 11월 12일

After the severe selling wave that the dollar was exposed to in the middle of last week due to inflation data that came less than its predecessors, we may witness a correction of the dollar and its related currencies that may bring it back to levels of 108.

The dollar may reach the levels of 105, which is a very strong support, and it is likely that the price may bounce from this support, since the selling wave was severe and from high levels, so most likely the dollar may bounce from this support to levels of 108.

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