Price broke support, touched a fresh demand zone on the Daily and we saw buyers push price in upside direction. Now price is trading at daily supply zone I expect sellers to step in the market at this point
Confluence
Ascending channel on 30min showing bullish weakness
Supply Zone
Point of Control
Resistance level Holding
Prior Swing high has not been violated
Fundamentals
Consumer Price Index ex Food & Energy (MoM) and (YoY) data will be released anytime from now for the US dollar... let's see how price reacts
Confluence
Ascending channel on 30min showing bullish weakness
Supply Zone
Point of Control
Resistance level Holding
Prior Swing high has not been violated
Fundamentals
Consumer Price Index ex Food & Energy (MoM) and (YoY) data will be released anytime from now for the US dollar... let's see how price reacts
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.