Outlook On USD For Coming Weeks
USD index has reached and consolidating at the 4H demand zone from August. The next move will set the direction for the rest of the major pairs, thats why it is critical we keep an eye on the index to add on to the confluence.
Possible scenario in my humble opinion is that it will recapture the 110.618 level first before deciding where it goes after December's FOMC. I am still bullish on USD unless it breaks the demand zone at 105.471.
December is coming soon, trade safe guys!
Possible scenario in my humble opinion is that it will recapture the 110.618 level first before deciding where it goes after December's FOMC. I am still bullish on USD unless it breaks the demand zone at 105.471.
December is coming soon, trade safe guys!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.