After today's Consumer Price Index release we have seen big drop in Dollar Index and now it is in strong downtrend (green line). MACD,RSI and all EMAs are showing bearish momentum.
I expect that price will go to the support zone (red zone) and I will look there for opening any trades.
On the other side we have resistance zone (blue line) where I am also looking for price reaction if price will not reach support zone.
I expect that price will go to the support zone (red zone) and I will look there for opening any trades.
On the other side we have resistance zone (blue line) where I am also looking for price reaction if price will not reach support zone.
