Waiting for a neutral FOMC report, risks are off, no increase of USD rate during summer but it will probably happen at the end of the year.
On 4hour-view :
RSI is consolidating on neutral level
On 1hour-view :
[Chart is above]
RSI is close to indicate a strong buy
Uptrend support has holden. We see a nice consolidation of 17650-60 range after breaks through 100MA and both last downtrend resistances.
Conclusion :
Today, a break of 17683 resistance level may lead to a nice retracement up of the last downtrend movement until 17770 target level
On 4hour-view :
RSI is consolidating on neutral level
On 1hour-view :
[Chart is above]
RSI is close to indicate a strong buy
Uptrend support has holden. We see a nice consolidation of 17650-60 range after breaks through 100MA and both last downtrend resistances.
Conclusion :
Today, a break of 17683 resistance level may lead to a nice retracement up of the last downtrend movement until 17770 target level
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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.