The price is in a retracement process, right now is forming a kind of doji pattern in the daily chart at the 61.8 fibo retracement level.
What to take on considerations:
In the fundamental side:
The last CPI report, was lower as the market expected, so this information with the last weak job report, are the catalyst for the next FOMC meeting on wednesday to start to talk about about cut rates. The market, according CME Fedwatch Tool is expecting one cut rate for july meeting, so more downside movement on the dollar is expected.
In the technical side:
The price is in a retracement, which one reach the 61.8 fibo retracement level of the last downside movement. The drawn channel is expected to be break according the fundamental situation. Once the price break it, the next area expected to be touched is the 161.8 fibo extension of the third wave.
What to take on considerations:
In the fundamental side:
The last CPI report, was lower as the market expected, so this information with the last weak job report, are the catalyst for the next FOMC meeting on wednesday to start to talk about about cut rates. The market, according CME Fedwatch Tool is expecting one cut rate for july meeting, so more downside movement on the dollar is expected.
In the technical side:
The price is in a retracement, which one reach the 61.8 fibo retracement level of the last downside movement. The drawn channel is expected to be break according the fundamental situation. Once the price break it, the next area expected to be touched is the 161.8 fibo extension of the third wave.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.