A Bullish Week for the Dollar 10/8/24

Last week saw the dollar rally upwards despite the current conditions happening in the world. This week we are thus very bullish when it comes to the dollar. We could see price slightly pull back to 101.520 before resuming the upward trend. The price could also pull slightly lower to 101.127 before continuing on the rally up. The first level we will be looking to take our profits when the price resumes going higher is 103.217. Because we expect the dollar to continue going up, any currency pair traded against the dollar for example Eur/Usd, Gold, US100, US500 etc, is expected to be bearish this week.

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A Bullish Week for the Dollar 10/8/24