The US dollar starts a new week with a further decline as China threatens not to accept an invitation for trade negotiations in Washington if the US introduces new tariffs for 200 billion dollars on Monday.
On Monday, capitalization of the crypto currency market increased to the value of 202 billion dollars, and then fell to a mark of $ 200 billion.
We still wait for testing of upper Bollinger band (112.20), from where decline is possible within new downward wave.
Upward phase of the movement after bounce from the lower Bollinger band. Resistances, where market can be directed, are 6673.86 and 7429.43 (middle and upper Bollinger bands).
Upswing is completed, but direct buy signal is absent so far, therefore, we can’t exclude flat on current levels as preparation before the start of new downswing.
Tha major is bracketed in the 1.1625-1.1721 range so far, from where, apparently, a downsing will be formed, which is lacked by the structure as of now.
The new week begins under the influence of new disagreements between US and China regarding trade contradictions between the two countries.
