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Lifedoor's - Trading journal
Hello everyone. Welcome to my trading journal update. I hope you are doing well and making a good profit from the price actions of the market. As we can see, the US dollar index will continue to fall, challenging the recent lower support and breaking through the new level of 111.50, which will be a downward channel for several weeks, opening the door for the bears to test the possible mark of 110.00. The main focus for long-term traders will remain on NFP data, which will provide clear direction for executing additional positions and taking pips from the market. For now, price action holds prices above 111.70, with a break above the 38.8% Fibonacci retracement level at 110.60, followed by a break above the weekly and daily pivot level at 110.20. On the upside, bullish strength will confirm a break above 112.90 resistance and a recovery of previous highs around 113.60. Weekly Bonus Updated: