EURUSD ABOUT HISTORIC MOVEMENT

FED vs U.S. Dollar

The Price depends on the inflation CPIAUCSL continued dropping till reaching the strong support zone
The Movement will depend on the Jerume Powell speech in the Congress,
However, The US Congress has four days to fund the government
So, The fourth government shutdown in a decade will take place in four days. Republicans are preemptively rejecting a bipartisan bill in the Senate that would help fund the agencies

Breaking 1.0393 will support falling to 1.0150 and 0.9580 which is the low of a two-decade

and stabilizing above it and any negative word for U.S.dollar in Congress will support rising

JP Morgan: “We are not saying that the situation now is the same as it was in 2007-2008, but signs of global economic tension have begun to appear.

The yield on 10-year Treasury bonds rose to 4.63%, a level not seen since July 2007, positive for the dollar and negative for the rest of the assets.

Why is the euro falling sharply?
In addition to the features of deflation in the European economy, and the large difference between US bond yields and European bond yields, there is another factor.
The data showed a decline in the euro’s share in global SWIFT payments to 23% from 38% at the beginning of the year.
By the way, China's share of SWIFT payments reached an all-time high of 3.47% in August!

Our last DXY prediction :


The picture on the chart shows the fighting in Congress in 1851