NAS100USD / TRADING ABOVE SUPPORT ZONE /4HHELLO EVERYONE
The price has changed direction and is now trading within an ascending channel, which increases the likelihood of a continued bullish trend. However, today’s CPI data release is expected to create market sensitivity and lead to strong price movements.
Technically, as long as the price remains above 21,570, the bullish momentum is likely to continue, with the next target at 21,930 and, if broken, further upside potential toward 22,120. On the other hand, if the price breaks below 21,570 and closes a 4-hour candle beneath this level, a bearish trend could begin, signaling a shift in market sentiment. Given the impact of economic data, increased volatility is expected, and traders should look for confirmation before making decisions.