H1 - Lower lows.
No opposite signs.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds my short term view remains bearish here.
DXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% DXY, 60% Cash.
* FOMC WATCH . US November CPI was estimated to come in at 0.3% but instead came in at 0.1% , compared to October's 0.4% it's fair to say that it eased a bit. Meanwhile Core CPI rose 0.2% in November compared to 0.3% in October. The last FOMC rate hike is expected to...
DXYUSD daily guidance is bearish. Recommended ratio: 5% DXY, 95% Cash.
*Cryptos and Commodities markets are signaling a bullish open to a week of mute economic data before CPI on 12/13 and the last FFR hike announcement of 2022 on 12/14. More volatility is to be expected with increased supply chain disruptions due to reduced exports from China weighing on Big...
