TradePlus-Fx|GBPUSD: power of dollar
Updated
đź’¬Description: The dollar began to gain strength again amid yesterday's US inflation data. Currency pairs reacted the most, and metals only began to catch up a little later. Metals are most likely still supported by demand against the backdrop of geopolitical tensions, where, by the way, the dollar also has weight, since US bonds are bought for dollars.
We recently looked at a potential reversal at the 1.22716 level. This area is indicated on the graph. This is exactly what is happening now. Sales priority will be canceled only if the price closes again above the specified level. In the very near future, the level 1.21166 will most likely be reached, after which as soon as the price falls below this level, we can expect a rapid fall to 1.18730.
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We recently looked at a potential reversal at the 1.22716 level. This area is indicated on the graph. This is exactly what is happening now. Sales priority will be canceled only if the price closes again above the specified level. In the very near future, the level 1.21166 will most likely be reached, after which as soon as the price falls below this level, we can expect a rapid fall to 1.18730.
đź””FX CALENDAR TODAYđź””
🇨đź‡PPI
🇬🇧BoE Gov Bailey Speaks
🇪🇺ECB President Lagarde Speaks
🇺🇸Michigan Consumer Sentiment
🇺🇸Michigan Consumer Expectations
🛢US Baker Hughes Total Rig Count
🌎IMF Meetings
âž–âž–âž–âž–âž–âž–âž–
🚀Thank for your BOOSTS🚀
👇Share your views and FOLLOW US👇
Trade active
Trade active
It' better to fix partial profit before weekends. Sell-priority still remains.
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