Home Forex News The Dollar Drifted Toward Posting Its Softest Week

The Dollar Drifted Toward Posting Its Softest Week

244
0

The dollar drifted toward posting its softest week in more than a month on Friday, as revived hopes for a new U.S. stimulus package to boost the world’s biggest economy had investors seeking out riskier currencies. Moves in morning trade were small, however, with signs of an impasse on Capitol Hill and the risk of disappointment at U.S. jobs data due later in the day holding investors back. U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed on Thursday to bridge what Pelosi described as differences over dollars and values.

TREND : WEAK BULLISH / SIDEWAYS

Time                                      :           02/10/2020

Pivot                                     :           1.1733

Technical View                     :           LONG ABOVE 1.1753

Target                                   :           1.1768, 1.1795, 1.1815

Technical View                      :           SHORT BELOW 1.1713

Target                                   :           1.1693, 1.1671, 1.1634

LEAVE A REPLY

Please enter your comment!
Please enter your name here