– Buys on close above 162.470 targeting 4h previous Strong Support formed on (09.08.2022) at 162.880 leaving Runners to 1h Resistance at 163.250.
– Sells on close below 162.040 targeting 15min previous Resistance formed on Thursday during New York Session / Tuesday bottom Daily Wick Fill at 161.680 leaving Runners to 4h Support at 161.420.
– Overall the current Weekly candle has been consolidating respecting the previous Weekly High and Low and forming Daily Resistance around 163, High Impact News data report GDP m/m forecasting: -1.2% / Previous: 0.5% and Prelim GDP m/m forecasting: -0.2% / Previous: 0.8%. Actual data to be released 1h before the London Open Session followed by a bunch of Low Impact data reports for Construction Output, Goods Trade Balance, Index of Services 3m/3m, Industrial Production m/m, Manufacturing Production m/m, and Prelim Business Investment q/q.