By the beginning of the trading week the dollar opened in positive territory, despite the political squabbles associated with the resumed investigation of the intervention of the Russian special services in the election of the US president.
Support for reserve currency was rendered by the fact that on Saturday the Senate approved the adoption of a new tax reform, for the final adoption of which an agreement between the Senate and the White House is also necessary.
To date, there are not expected to be any significant indicators, either in the US or in Switzerland. Therefore, we can rely on technical indicators and the current trend at the beginning of the week.
Trend indicators show an upward impulse, hence we will look for points to enter long positions. At the moment the pair is showing a false break of the Fibo level 38.2 and has returned to the price channel 0.9775-0.9875, so the immediate goal is to approach the price to the upper level of Fibo 50.
