The price action has broken below the lower Bollinger Band, indicating a breakout to the downside. US GDP figures are due in less than 30 minutes and the expected reading is positive for the USD. The MACD has also seen a downward cross indicating the start of a downtrend.
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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.