Hey, traders. Thank you for comments and boosts.
Today's chart is Euro. Let's check it quickly.
We can see
1. the price is breaking the descending channel.
2. the price is making the ascending channel.
3. top resistance is on 1.08000.
4. support on 1.03500 and 1.04000.
We should check
Thursday - GDP (QoQ) (Q3), ECB President Lagarde Speaks, US Initial Jobless Claims
Friday - US PPI (MoM) (Nov)
We can expect
1. upward movement to the top resistance on 1.08000.
2. rebounding from 1.03500.
Worries about Fed will keep their high rate interest policy extended to recession risk.
This made dollar movement and, also, Euro.
And, we have PPI on this Friday and it will make big movement on the chart.
If it makes downward movement, we will wait for the Long position from 1.03500 to 1.08000.
Let's see if we can have that chance.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Today's chart is Euro. Let's check it quickly.
We can see
1. the price is breaking the descending channel.
2. the price is making the ascending channel.
3. top resistance is on 1.08000.
4. support on 1.03500 and 1.04000.
We should check
Thursday - GDP (QoQ) (Q3), ECB President Lagarde Speaks, US Initial Jobless Claims
Friday - US PPI (MoM) (Nov)
We can expect
1. upward movement to the top resistance on 1.08000.
2. rebounding from 1.03500.
Worries about Fed will keep their high rate interest policy extended to recession risk.
This made dollar movement and, also, Euro.
And, we have PPI on this Friday and it will make big movement on the chart.
If it makes downward movement, we will wait for the Long position from 1.03500 to 1.08000.
Let's see if we can have that chance.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
