The currency pair is approaching the range resistance. Today is the news from FOMC, a false breakout and a fall is possible, as the dollar is expected to rise, which in turn may negatively affect the pair
Scenario: There is a possibility that the resistance may hold if the Fed becomes more hawkish, which could strengthen the dollar. Against this background, the currency pairs will lose their strength
A false break of the range resistance or 1.1707 could trigger a reversal and fall to the base of the range
Scenario: There is a possibility that the resistance may hold if the Fed becomes more hawkish, which could strengthen the dollar. Against this background, the currency pairs will lose their strength
A false break of the range resistance or 1.1707 could trigger a reversal and fall to the base of the range
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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.
❤️ Telegram channel: t.me/AndeWave
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.