The dollar was little changed last week as ranges between 97 and 97.6.
By the end of last week, the price was seen closing below 97.4 within the supply zone which may lead the dollar to start another short-term bearish trend.
However, we do not exclude the possibility where the price breaks new high immediately on the first trading day this week.
Therefore, I would personally recommend to adopt a 'wait and see' for a clear reversal signal rather than jumping into conclusion to sell the dollar right away.
By the end of last week, the price was seen closing below 97.4 within the supply zone which may lead the dollar to start another short-term bearish trend.
However, we do not exclude the possibility where the price breaks new high immediately on the first trading day this week.
Therefore, I would personally recommend to adopt a 'wait and see' for a clear reversal signal rather than jumping into conclusion to sell the dollar right away.
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