Traders,
Keep a close eye on the Revised UoM Consumer Sentiment release, as any bearish surprises could sway market sentiment, particularly favoring a stronger dollar. Adjust or remove orders accordingly based on the outcome.
Here's a breakdown of our analysis:
Daily Chart: We maintain a bullish outlook, having responded positively to the bottom of the channel.
4-Hour Chart: Strong support and resistance levels have been breached, signaling potential upward momentum.
Intraday: Early hours of today's candle presented favorable trading opportunities, although reversals could also serve as viable entry points for short positions.
Exercise caution and adapt your strategy in response to evolving market conditions.
Best regards,
Keep a close eye on the Revised UoM Consumer Sentiment release, as any bearish surprises could sway market sentiment, particularly favoring a stronger dollar. Adjust or remove orders accordingly based on the outcome.
Here's a breakdown of our analysis:
Daily Chart: We maintain a bullish outlook, having responded positively to the bottom of the channel.
4-Hour Chart: Strong support and resistance levels have been breached, signaling potential upward momentum.
Intraday: Early hours of today's candle presented favorable trading opportunities, although reversals could also serve as viable entry points for short positions.
Exercise caution and adapt your strategy in response to evolving market conditions.
Best regards,
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