Due to Corvid-19 The market has been stale. We have seen DXY range between 99.00-100.00. However, with businesses opening up soon i expect to see DXY shoot up to around 102.500 over the next few months. I am expecting EURUSD to fa to around 1.08000 over the next few weeks; i will then re-evaluate and look for further take profit around 1.06500
Last week we saw a slight retrace in eurusd, due to release of their stimulus check. However, news only temporarily effects the market. This week we saw sa strong bearish candle reset the upper support line. We should see price fall to around 1.08100 area. DXY is also setting up very nicely. I am expecting EURUSD to reach the 1.06500 area
