“The U.S. dollar’s role as the world’s reserve currency is not threatened by anything,” Fed Deputy Chairman Richard Clarida said, according to Reuters:Balancing supply and demand in the labor market may take some time;The Central Bank’s digital currency is in its advantages and disadvantages stage;Updating existing payment systems will provide the benefits of CB digital currency.
The Analysis:
Provided that the currency pair is traded below 0.9035, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 0.9018
- Take Profit 1: 0.8995
- Take Profit 2: 0.8980
Alternative scenario:
In case of breakout of the level 0.9035, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.9035
- Take Profit 1: 0.9050
- Take Profit 2: 0.9065
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