Fundamental Analysis: President Elect Joe Biden intends to continue with another stimulus package when he takes office. future stimulus packages will further weaken the USD.
Technical Analysis: Price is currently in a downtrend channel. Expect price to retest the upper bound of the channel before continuing to sell long-term towards major support level.
Technical Analysis: Price is currently in a downtrend channel. Expect price to retest the upper bound of the channel before continuing to sell long-term towards major support level.