The rate is trading at 124.37 and I hope that the price will stay above the 124 value and will continue the downward movement. If the price will remain strong then will approach the previous high from 125,84. The US dollar is bullish after the US economic data. USDX continues to go higher, pushing the greenback higher against other currencies. I’m expecting a consolidation here till the price will have enough energy to climb to new peaks.