It probably remains a good idea to look for long trades in the US Dollar over the coming week: Forex Forecast Trading
, so I see no reason to treat it as anything other than a normal bearish retracement within a bullish trend. This is given weight by the sizable lower wick of the candlestick, and by the fact that the US Dollar was not one of the biggest movers in the Forex market last week., which would add to the bullish case.This is a very powerful, long-term bullish trend in the most important currency in the Forex market, although market sentiment is currently against it.
which had been mentioned as a possible long-term high by a Japanese policymaker, before giving up much of its gains – but This strong movement was driven mostly by the Japanese Yen which retains weakness as Japanese policymakers are still trying to inflate their economy
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