The dollar index rose to a 20-year high at the start of Wednesday's European trading session as Federal Reserve statements and rising Treasury bond yields sparked fresh recession fears
The U.S. Federal Reserve has signaled that fighting rising inflation is its most important mission, and it will continue to raise interest rates significantly even if it might push the economy into recession.
From a technical analysis point of view, we see the price continuing to move in a bearish channel. A renewal of the global lows and the formation of a pullback on the retest. Then we should pay attention to how the price will react to such zones, as the level of 0.96221 and the bottom border of the price channel.
I assume that if the price fixes above the support, we might see a slight recovery. But there is a great chance that the price will continue its fall. On the chart below there is an important zone, the support that was formed 21 years ago - 0.91991.
Regards R.Linda!
The U.S. Federal Reserve has signaled that fighting rising inflation is its most important mission, and it will continue to raise interest rates significantly even if it might push the economy into recession.
From a technical analysis point of view, we see the price continuing to move in a bearish channel. A renewal of the global lows and the formation of a pullback on the retest. Then we should pay attention to how the price will react to such zones, as the level of 0.96221 and the bottom border of the price channel.
I assume that if the price fixes above the support, we might see a slight recovery. But there is a great chance that the price will continue its fall. On the chart below there is an important zone, the support that was formed 21 years ago - 0.91991.
Regards R.Linda!
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NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.