We definitely have a strong BULLISH power right now. However, I do believe that this move is just a breather for this Strong BEARISH move we're about to start seeing now. Along with it being Recession we're about to go into.
And as far as a price area to start this reversal, I'm seeing a possible RESISTANCE at the 33.1K - 33.2K Area. Price is making its way to my 200EMA Line at 33,150. If we can get a rejection from here im more than confident that this will be the beginning of the next RED move were about to get. Especially for the Month of August to be opening up Tomorrow, My Weekly & Daily Stochastic indicators are both telling me price is being Over-Bought. This is just my personal opinion, Trade Safely!
CURRENCYCOM:US30
And as far as a price area to start this reversal, I'm seeing a possible RESISTANCE at the 33.1K - 33.2K Area. Price is making its way to my 200EMA Line at 33,150. If we can get a rejection from here im more than confident that this will be the beginning of the next RED move were about to get. Especially for the Month of August to be opening up Tomorrow, My Weekly & Daily Stochastic indicators are both telling me price is being Over-Bought. This is just my personal opinion, Trade Safely!
CURRENCYCOM:US30