I was expecting that if USD does not test higher levels in the early days of the week then there is more chance that it will drop in later days. This week 79.6 level act as a good resistance for it.
It can drop more from here, but therefore it will get initial support at around 78.6 level. I am expecting this drop in early to middle of the coming week. I still think that there is an option that USD may drop below 78 and the triggers the bearish pattern. This negative pattern can take USD around 75 level.
If it drops in early days then it has a chance to reverse its position in later period of the coming week. 80.5 is looking tough job for USD but if it breaks that then I will be thinking about 82.
Thought I give certain specific levels for USD but I think it will not see the huge drop or big jumps in coming days, especially if I consider the events which are going on. I want to repeat which I said during last few weeks that 78–82 becomes an important zone for it. I think person who has created long positions, for them 77–77.5 is the important level and for short positions the level is 81.
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