Long position on GU
Technical analysis:
Potential double bottom seen in H4 price tested the résistance one cleared and a firm close above it uptrend will resume to target new high.
Entry @1.2618
SL @1.2498
TP @1.2825
Fundamental analysis:
Today CPI reading cames as market expectations showing slowdown in price pressure that's mean traders are betting on dovish Fed tomorrow and trigger more downside pressure on DXY
We'll wait and see tomorrow Fed's rate decision and FOMC witch deliver next guidance on rate
Potential double bottom seen in H4 price tested the résistance one cleared and a firm close above it uptrend will resume to target new high.
Entry @1.2618
SL @1.2498
TP @1.2825
Fundamental analysis:
Today CPI reading cames as market expectations showing slowdown in price pressure that's mean traders are betting on dovish Fed tomorrow and trigger more downside pressure on DXY
We'll wait and see tomorrow Fed's rate decision and FOMC witch deliver next guidance on rate
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