Dollar to Snap Two-Week Win Streak – 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.

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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

Losing Despite Winning At Trades

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

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