Hello Traders,
The Chart is dirty i know, but bear with me.
The week has been good for the Dollar.
First, from a fundamental point of view, Flash Manufacturing PMI came out Positive. Consumer Confidence also came out quite positive for the dollar.
On Wednesday, The Fed raised the interest rate also strengthening the dollar which has resulted in the uptrend we are in at the moment. But, will this be sustained??
I don't think so.
So those two levels (140.972 and 141.158) im really watching to see how price action reacts to them.
Also, note we have a nice supply level embedded in between these two levels.
So that's basically my bias, let me hear yours kindly. please be advised, this is not a trade signal.
The Chart is dirty i know, but bear with me.
The week has been good for the Dollar.
First, from a fundamental point of view, Flash Manufacturing PMI came out Positive. Consumer Confidence also came out quite positive for the dollar.
On Wednesday, The Fed raised the interest rate also strengthening the dollar which has resulted in the uptrend we are in at the moment. But, will this be sustained??
I don't think so.
So those two levels (140.972 and 141.158) im really watching to see how price action reacts to them.
Also, note we have a nice supply level embedded in between these two levels.
So that's basically my bias, let me hear yours kindly. please be advised, this is not a trade signal.
Trade closed: target reached
It was a success!
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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.