My past predictions have come true. The price reached the resistance at 1.214. Fixed at the line 1.217. And the fall began. I expect a fall from the resistance line 1.217 for the following reasons: 1 - the strong line of resistance of February 2020. 2 - double touch of the line at points 1.214 and 1217 - fixation before falling. 3 - previous strong growth - the need for correction. The target is 1.187.
------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
What to expect from Treasury yield dynamics?
Today my attention has taken over US inflation and Treasury yields.
UnknownUnicorn15614419
⋅
Finally, the price showed a drop of more than a couple of points! Hopefully now it will continue to fall, and not work out another correction to resistance (Do you think this is possible?
Solldy
⋅
Many traders have shown explanations for the fall in prices! And I agree with that! I just can't imagine how long this fall will last? Will this week be its last or just preparation?
TradingAlchemist
⋅
financial markets' reaction to spectacular rise in consumer prices has proven that investors are increasingly questioning fed's mantra of short-term boost in inflation. i think that soon there will be reversal of price up
Erwinsu
⋅
Finally price start to fall after can't break strong resistance 1.2180 and go to demand zone in 1.18
Do you have any thought about first demand zone in 1.1990?
Today my attention has taken over US inflation and Treasury yields.