The U.S. Dollar may find resistance around the 100.685 level, where it could fill the buy-side imbalance and react to the nearby bearish order block. If this level holds, we could see a continued decline throughout the week toward the psychological 100.00 level. Conversely, this would likely translate into a bullish move for the EUR/USD, reflecting the inverse correlation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.