Bearish Trend Holds, Volatility Expected Amid Key News Events
The price remains in a bearish trend towards 2,651 and 2,638 as long as it stays below 2,661.
For a bullish trend to take hold, stability above 2,667 is required, with a potential target of 2,680. Additionally, a negative outcome in the Non-Farm Payroll (NFP) report is needed to confirm bullish momentum.
Expect heightened volatility today due to significant news events.
Key Levels:
Pivot Point: 2662
Resistance Levels: 2670, 2680, 2699
Support Levels: 2651, 2638, 2624
Trend:
- Bearish while below 2662
- Bullish above 2681
previous idea:
For a bullish trend to take hold, stability above 2,667 is required, with a potential target of 2,680. Additionally, a negative outcome in the Non-Farm Payroll (NFP) report is needed to confirm bullish momentum.
Expect heightened volatility today due to significant news events.
Key Levels:
Pivot Point: 2662
Resistance Levels: 2670, 2680, 2699
Support Levels: 2651, 2638, 2624
Trend:
- Bearish while below 2662
- Bullish above 2681
previous idea:
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