USDollar after broke the trend line, now meets resistance at 97.72
Any break this resistance level will open the door for next resistance: 100
USDollar overcame:
- SMA100
- Kumo cloud.
- Bearish trend line.
We need USDollar breaks resistance 97.72 to reinforce the Bull market.
Tomorrow, the main focus is US CPI : FED stress on inflation to hike rate , so the upcoming CPI data is very important.
It's very hard to say about CPI tomorrow : It could be positive or negative.
Negative Retail Sales on Tuesday could weight on inflaltion, but Producer Price Index send support to inflation.
However,I still believe the data will be positive. FED should hike rate in September.
Data should support for rate decision of FED.
Any break this resistance level will open the door for next resistance: 100
USDollar overcame:
- SMA100
- Kumo cloud.
- Bearish trend line.
We need USDollar breaks resistance 97.72 to reinforce the Bull market.
Tomorrow, the main focus is US CPI : FED stress on inflation to hike rate , so the upcoming CPI data is very important.
It's very hard to say about CPI tomorrow : It could be positive or negative.
Negative Retail Sales on Tuesday could weight on inflaltion, but Producer Price Index send support to inflation.
However,I still believe the data will be positive. FED should hike rate in September.
Data should support for rate decision of FED.
