Despite the macroeconomic data released on Wednesday from the US, we are currently seeing that the dollar index has stopped its decline and is trying to win back the positions lost earlier.
On our chart we can also observe the strengthening of the reserve currency. At the moment the pair is headed down after a slight increase; the technical indicators indicate a sale. The quote dropped below the sliding MA (120) and we expect its consolidation.
After a sharp drop on Tuesday, we are seeing a "takeover" configuration and a mid-term trend reversal. Therefore, we advise you to look for points to enter short positions and your goals are to consider are the levels 1.3150 and 1.31.
