The dollar hovered near a two-month peak against a basket of currencies on Monday, as doubts about recovery persisted ahead of a barrage of economic data and political developments in the United States. While a rebound in U.S. stocks on Friday has helped to curb the ascent of the dollar, deemed as a safe-haven, signs of slowdown in the nascent recovery from the pandemic and political uncertainties have kept investors on guard.

Overall the market remains in the bear trend and still within the framework of sideways lower flagging congestion. But the RSI is showing an oversold status for the Euro along with the MACD indicating an up curve as a minor correction towards 1.1680 ⇒ 1.1780 during this week. 

R2         1.1664
R1         1.1644

S1         1.1601
S2         1.1580