Dollar to Snap Two-Week Win Streak
FxPremiere.com – Forex Signals | The dollar is set to snap a two-week winning streak on Friday, but will likely find support over the next few months before resuming its trend lower, experts said.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.09% to 90.21. Pound to Snap 3-Week Win
EURJPY Price Analysis – January 22
When the bulls increase their momentum, the $126 resistance level may be penetrated, and this may push the price to $128 and $131 price level. In case the resistance level of $126 holds, the price may reverse and descend to the previous low of $124 and $122 provided the support level of $125 does not hold.
The economy meanwhile is expected to show strong growth for the fourth quarter, further fueling hopes “for a quick recovery and support the dollar,” the bank added. Pound Set to Snap Losing Streak Vs US Dollar COVID-19Pound Higher on Brexit Deal
“Once yields have stabilized, the U.S. dollar is also likely to run out of steam. Instead, the focus is likely to turn to longer-term risks, which is why we continue to expect EUR-USD trade at higher levels by the end of the year,” Commerzbank said.
Dollar to Snap Two-Week Win Streak Forex Signals – EUR/USD to Snap 2 Week Losing Streak