The US dollar continued to decline last weekend in opening trades this week against other major currencies.
Market analysts are still looking at the combination factors of vaccine optimism and expectations for further easing of policies in the United States (US) pushing the world's major currencies to continue to depreciate.
The US dollar fell to a 2-year low, also recording the biggest fall since last July.
Against the Euro, the price has shown a rise to its latest 2-month high on the EUR / USD pair chart.
Last Friday, the price managed to close the last session trading at an altitude of around 1.19600 after the price jumped from the RBS zone (resistance become support) 1.19000 the day before.
A higher rise is expected to reach the altitude of 1.20000 which is a resistance zone tested in early September trading.
However, investors need to be wary of a possible price drop due to a change in sentiment that strengthens the US dollar.
The price will return to the RBS zone 1.19000 as the price support level and investors will assess whether the price is able to break through it or resume the rise.
If the price continues to fall lower, the focus level on the next decline is on the RBS zone of 1.18000.
