Preferred direction: SELL
Comment: Yesterday's CPI data practically allowed the US dollar to break through key local support/resistance levels and begin its growth. However, the market quickly ran to buy American currency, and in this case, the big money has no one to go to. In addition, the current pause may be associated with the next important data from the United States (PPI).
The setup remains the same for all major pairs. Here we cannot rule out an attempt at false growth (scenario №2), so two scenarios are currently relevant. The target for the fall is level 0.65848.
Thank you for like and share your views!
Comment: Yesterday's CPI data practically allowed the US dollar to break through key local support/resistance levels and begin its growth. However, the market quickly ran to buy American currency, and in this case, the big money has no one to go to. In addition, the current pause may be associated with the next important data from the United States (PPI).
The setup remains the same for all major pairs. Here we cannot rule out an attempt at false growth (scenario №2), so two scenarios are currently relevant. The target for the fall is level 0.65848.
Thank you for like and share your views!
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