As a result of first election surveys we observed a strong depreciation of the US dollar. After the announcement of the official results and the speech of the new president – Donald Trump – occurred equally dynamic drops, which have continued until now. In the near future we can expect test of the next support around 1.0858.
The situation looks similarly as in case of EURUSD with the fact that on this pair, we first observed dynamic dips and then rises. As a result of these declines was completely closed the bullish gap from the beginning of the week and if only the market overcomes nearest resistance 105.35, we expect continuation of growth in the longer term.
On the daily chart we observe forming a bearish pin-bar candle. If only market closes today at the current level or similar, then in the near future we expect a decline for which the potential scopes appear to be around levels of 1252.33 and further 1200.30.