Potential for Bearish Drop
Type : Bearish Continuation
Resistance : 104.235
Pivot: 102.510
Support : 101.315
Preferred Case: With the donchian channel and MACD showing further bullish momentum , we have a bullish bias that price will rise from our pivot at 101.315 in line with the horizontal pullback support and 23.6% Fibonacci retracement to our 1st resistance at 104.235 in line with the horizontal overlap resistance and 78.6% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 101.315 in line with the horizontal swing low support.
Fundamentals: The latest Fed-speak reiterated the high likelihood of two 50bps hikes in the next two central bank meetings. The path after will be data-dependent.
The ADP Non-Farm Employment Change is expected to increase by 295k (previous 247k). We currently have a weak bullish bias.
Type : Bearish Continuation
Resistance : 104.235
Pivot: 102.510
Support : 101.315
Preferred Case: With the donchian channel and MACD showing further bullish momentum , we have a bullish bias that price will rise from our pivot at 101.315 in line with the horizontal pullback support and 23.6% Fibonacci retracement to our 1st resistance at 104.235 in line with the horizontal overlap resistance and 78.6% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 101.315 in line with the horizontal swing low support.
Fundamentals: The latest Fed-speak reiterated the high likelihood of two 50bps hikes in the next two central bank meetings. The path after will be data-dependent.
The ADP Non-Farm Employment Change is expected to increase by 295k (previous 247k). We currently have a weak bullish bias.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.