Dollar - Weekly Forecast 25th - 29th February
Dollar fell further as expected as it formed a bearish Gartley pattern.
The price was seen supported at first within the demand zone at 96.
The price attempted to rebound and climbed slowly for two days.
And on the last day, gains are mostly wiped out due to either a strong selling pressure had appeared or there's not enough buying strength to support a stronger rebound.
Therefore, the price is expected to fall further this week as it seeks a stronger demand below.
The price was seen supported at first within the demand zone at 96.
The price attempted to rebound and climbed slowly for two days.
And on the last day, gains are mostly wiped out due to either a strong selling pressure had appeared or there's not enough buying strength to support a stronger rebound.
Therefore, the price is expected to fall further this week as it seeks a stronger demand below.
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