Hello dear traders! Overall, the pair remains supported amid rising US Treasury yields and the US dollar after Fed officials adopted a cautious stance on the policy and inflation outlook. The CME FedWacth tool shows a 68% probability of interest rates falling from current levels in September, down from the 73% seen after the release of mild inflation data.
On the chart, an ascending channel has started to appear, which usually determines our medium-term outlook. By maintaining this aggressive buying level, there is a possibility that the current Resistance level of 156.55 could serve as a slight cooling target targeting the 155.50 support level for accumulation before a breakout and realization is now further enhanced. It is expected that this price increase will reach the 158.30 mark.
On the chart, an ascending channel has started to appear, which usually determines our medium-term outlook. By maintaining this aggressive buying level, there is a possibility that the current Resistance level of 156.55 could serve as a slight cooling target targeting the 155.50 support level for accumulation before a breakout and realization is now further enhanced. It is expected that this price increase will reach the 158.30 mark.
Trade active
Trade active
🌟 Don't miss the opportunity to receive CONTINUOUS trading signals and FREE support!
🌟 Always update market information and knowledge every day!
🌟 Join now to receive special offers!
Click here:
t.me/+PfOGYbx-krowZWZl
🌟 Always update market information and knowledge every day!
🌟 Join now to receive special offers!
Click here:
t.me/+PfOGYbx-krowZWZl
