• Long: Traders may want to consider exercising a bit of patience here and waiting for H4 price to RETEST 24476 as support. After support is confirmed by a reasonably sized H4 bull candle, one can feel relatively confident that further upside is on the cards.
• Short: Selling this market with absolutely no obvious resistance in sight is not a trade that most would label high probability. Therefore, sell with caution!
Data points to consider: US CPI figures at 1.30pm; FOMC interest-rate decision, economic projections and statement at 7pm; FOMC press conference at 7.30pm; FOMC member Brainard speaks at 11pm GMT .