With clear Asian liquidity sitting on the heatmap, we are looking for a sweep to allow bullish momentum into the market. For the time being this setup is nothing more than an idea which will need order flow confirmation.
This aligns well with TPO levels (AM session POC, Daily POC) which should provide a strong support around the 1.0790 level where we will look for long confirmations.
The economic background for the USD remains on the backfoot this morning as FED chair Powell's comments from Jackson Hole on Friday signal to investors that the need of further rate hikes in the US in the proceeding FOMC meetings is looking less probable.
Trade safe.
This aligns well with TPO levels (AM session POC, Daily POC) which should provide a strong support around the 1.0790 level where we will look for long confirmations.
The economic background for the USD remains on the backfoot this morning as FED chair Powell's comments from Jackson Hole on Friday signal to investors that the need of further rate hikes in the US in the proceeding FOMC meetings is looking less probable.
Trade safe.
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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.
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.