- Possible corrective move before Bearish trend continuation.
- DXY is not much stronger. Despite a significant increase in inflation, which exceeded 5%, at yesterday's meeting, the US Federal Reserve decided to leave the parameters of monetary policy unchanged, and, according to the comments, a revision of the volume of bond buybacks will become possible only next year, when the current parameters of inflation and employment are adjusted.
Main trend is bearish as incomplete bearish pattern. Best to sell on rallies around 1842-1858
Note: Market can continue Bearish move without an upside correction.
Trade closed: target reached:
However, market didn't reach the expected price for a clean entry but Market Target reached.