US30USD (Under News Pressure)
Technical Analysis: US30
The price fell below the support level of 39045 yesterday and reversed upwards and is now running between 39,245 and 29,045 to break sideways.
Current Outlook:
The price is likely to touch 39045 before potentially pushing up again. Both scenarios should be carefully considered:
Bullish Scenario:
Stability above 39230 suggests a move towards 39410. However, if the price reaches the support line at 39045, it must stabilize above this level to maintain a bullish trend.
Bearish Scenario:
A bearish trend would be confirmed if the price breaks below 39045, targeting 38790, and potentially dropping further from there.
Key Levels:
-Pivot Line: 39230
-Resistance Levels: 39400, 39575, 39780
-Support Levels: 39045, 38790, 38600
Today's Expected Range:
The price is anticipated to fluctuate between the support at 38790 and the resistance at 39410.
In summary, maintaining stability above the pivot line at 39230 is crucial for a bullish outlook, with targets at 39410. Conversely, a break below 39045 would signal a bearish trend with a downside target at 38790.
The price fell below the support level of 39045 yesterday and reversed upwards and is now running between 39,245 and 29,045 to break sideways.
Current Outlook:
The price is likely to touch 39045 before potentially pushing up again. Both scenarios should be carefully considered:
Bullish Scenario:
Stability above 39230 suggests a move towards 39410. However, if the price reaches the support line at 39045, it must stabilize above this level to maintain a bullish trend.
Bearish Scenario:
A bearish trend would be confirmed if the price breaks below 39045, targeting 38790, and potentially dropping further from there.
Key Levels:
-Pivot Line: 39230
-Resistance Levels: 39400, 39575, 39780
-Support Levels: 39045, 38790, 38600
Today's Expected Range:
The price is anticipated to fluctuate between the support at 38790 and the resistance at 39410.
In summary, maintaining stability above the pivot line at 39230 is crucial for a bullish outlook, with targets at 39410. Conversely, a break below 39045 would signal a bearish trend with a downside target at 38790.
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