Today we expect Powell's press-conference which at Jackson Hole. This will definitely affect price and provide us with some trading opportunities. However, short-term positions prior to that are quite risky.
If you're looking for any day trading opportunities, I would suggest that you wait for that press-conference first.
Before that we could see price trading in both directions.
Our expectations are still the same. We think that we could see possible reversals in the zone of 1,1788-1,1828. We will be watching each candle inside of this zone for a possible entry signal.
In case price begins a downside move, then the key level will be 1,1723. If market goes below it, then that would confirm our idea. You could also use this level to add to your position.
The main target is still 1,1640.
Follow our daily analysis to see how this setup will develop!