Yesterday I analyzed a short-term downtrend and set a target of 1.0920 but the price only fell to 1.0943 until the USD-related economic data at 9:00 US session pushed the price up again.
It is approaching two equal highs and the Chinkou line at the moment is still in price not seeing this line clearly.
Thin and flat futures kumo cloud showing the sideways market from last week on the H4 time chart.
To break these levels, it might need a dip to gain momentum for a strong bounce.
If the FOMC news is strong enough will be the catalyst to reach the next resistance level that I have marked on the chart.
If you like what I share, please support by clicking Like or leaving a Comment. I will use it as an encouragement and indicator to give you even more analytical ideas. Thank you.
It is approaching two equal highs and the Chinkou line at the moment is still in price not seeing this line clearly.
Thin and flat futures kumo cloud showing the sideways market from last week on the H4 time chart.
To break these levels, it might need a dip to gain momentum for a strong bounce.
If the FOMC news is strong enough will be the catalyst to reach the next resistance level that I have marked on the chart.
If you like what I share, please support by clicking Like or leaving a Comment. I will use it as an encouragement and indicator to give you even more analytical ideas. Thank you.