There’s FOMC today. Thoughts? Strong/weak Dollar?
I think Trump has a goal to make the dollar weaker, I think the dollar will not grow much. And most likely for the EUR/USD pair nothing will change globally
Hello everyone! The USDCHF price has broken through the local downward trend line, which was formed earlier on the H4 timeframe. At the same time, the price has consolidated above the 0.7923 level, which has now become support, after an upward rebound from which the resistance level of 0.8007 may serve as the target for continued upward movement.
Hello everyone! The price movement trend for the GBPUSD pair is still downward. At the same time, there was a breakdown of the support level of 1.3590 and the price consolidated below it. The nearest target for the continuation of the downward movement may be the support level of 1.3498.
Good day to you, Jeks!
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Hello everyone! The EURUSD price continues to move within the descending channel formed on the H4 timeframe. At the same time, the price broke through the support level of 1.1682. I expect the bearish movement to continue with the target being the support level of 1.1625.
Hello everyone! The AUDUSD price continues to move in a downward channel. At the same time, there was a breakout of the support level of 0.6558, which has now become resistance. After retesting this level and rebounding downwards from it, I am considering sales with the target of the support level of 0.8518.
Hello everyone! The price of the GBPUSD pair during its downward movement reached the support level of 1.3383. After the upward rebound from this level, I am considering purchases with the target of the resistance level of 1.3498. Next, I will consider the price reaction to the inclined line of the downward trend formed on TF H4 to determine further purchases or sales from this line.
