As I have marked out in one of my previous ideas called "Us midweek idea". Price has held at this level 39147.29 - 39013.54.
Fed Chair Powel announced that the recent readings on both job gains and inflation have come in higher than expected so the Fed has retained a cautious stance towards future rate cuts, suggesting that the U.S. central bank will continue to study more data before a rate-cutting cycle is started
We may see a rebound from this point if this zone can hold up to 40023.09 in the near future or even possible at the release of NFP on Friday.
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