The daily uptrend channel will be a great indicator whether it will gain more momentum or cool off.
Important to notice that the market did not react to yesterday's inflation data. This could weaken the USD index for a bit, further backed by the Crude Oil which is continuing to rise and broke up a small consolidation yesterday possibly pushing prices up to $92 (CL1!)
Important to notice that the market did not react to yesterday's inflation data. This could weaken the USD index for a bit, further backed by the Crude Oil which is continuing to rise and broke up a small consolidation yesterday possibly pushing prices up to $92 (CL1!)
Comment:
Exhaustion on Daily MACD correlates with DXY resistance zone