We have CPI later today, so expect increased volatility during the New York session.
During Asia
Price consolidated between the 4600 level and the 4573 area.
Asia high sits around 4602, with yesterday’s high near 4630.
Currently during London
Price failed to secure a close above 4600, with multiple H1 candles wicking into that level and showing rejection.
Support has formed around the 4578–4580 zone.
What I’m watching next:
• If price breaks and holds above 4600, the next resistance to target comes in around 4612, followed by 4621–4623.
• If price fails to reclaim 4600 and we see acceptance back below, 4573 becomes the key level. A sustained break below that opens the door toward 4546 and potentially 4520.
With CPI ahead, patience is key. I’ll be waiting for clean confirmation and acceptance/rejection at these levels before considering any entries, rather than anticipating moves.
Сделка активна
Update: After the news release, price pushed into the 4612 level. Although it briefly traded above it, the H1 closed back below, indicating a lack of acceptance for now. Watching to see if 4612 holds as resistance and price rotates back toward the levels outlined during the London session, or if we get a clean break and acceptance toward the 4621–4623 zone.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.