At the moment the US dollar continues to strengthen against the basket of major currencies. For the third day in a row the dollar index shows growth and at the time of writing the article is at the mark of 94.72.
To date there are almost no news from the EU, while in the US a number of indices will be released today. However, we do not expect significant changes in the market after this.
Our pair approached the lower border of the corridor in which it has already been trading for a month. It came very close to the level of 1.1625 and, if it manages to overcome it, we expect the price to move to the next support levels at the marks of 1.1585 and 1.1550.
Therefore, we recommend looking for points to enter short positions based on the fact that the price will be able to gain a foothold under our level, expanding the boundaries of the corridor. Otherwise, the pair will again go to the upper limits of 1.1715, 1.1745.
