In our previous updates, we highlighted the 3350–3360 zone as a critical resistance that could trigger a pullback toward the 3200 level.
📉 Over the past week, price tested this zone multiple times, and each time we saw a sharp rejection of 400–500 pips.
This behavior clearly indicates that liquidity has been absorbed in this area, and short sellers have likely hit their targets.
📈 Now, the market dynamics are shifting.
With sellers exiting and the zone losing its bearish pressure, we could be looking at the beginning of a new bullish leg. The first key resistance on the upside is 3400.
⚠️ However, considering the number of high-impact events expected this week, I personally prefer to wait for a low-risk entry closer to 3320–3330 rather than chasing the move early.
Stay alert — this week could bring high volatility and major trend moves.
📉 Over the past week, price tested this zone multiple times, and each time we saw a sharp rejection of 400–500 pips.
This behavior clearly indicates that liquidity has been absorbed in this area, and short sellers have likely hit their targets.
📈 Now, the market dynamics are shifting.
With sellers exiting and the zone losing its bearish pressure, we could be looking at the beginning of a new bullish leg. The first key resistance on the upside is 3400.
⚠️ However, considering the number of high-impact events expected this week, I personally prefer to wait for a low-risk entry closer to 3320–3330 rather than chasing the move early.
Stay alert — this week could bring high volatility and major trend moves.
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.
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.