A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency.
The buck is down 8% from its highs of the year against a basket of currencies (=USD) and stands near its lowest level since 2018. Net bets against the dollar in futures markets are approaching their highest level in more than two years
TREND : BULLISH
Time : 23/07/2020
Pivot : 1.1561
Technical View : LONG ABOVE 1.1581
Target : 1.1601, 1.1631, 1.1661, 1.1716