– Buys on close above 1718.800 targeting 1h Resistance at 1724.400 , Leaving Runners to 1h Resistance formed on 13th September 2022 at 1729.800.
– Sells on close below 1713.800 targeting 1h Support at 1708.500, Leaving Runners to 30min Support at 1703.500.
– The Range between 1706.200 and 1713.800 is a Strong Consolidation on the Hourly timeframe, Despite previous Daily closing Bearish and forming Resistance, There also a probability for price to Consolidate again prior to the Upcoming News event for Non-Farm Employment Change (NFP) this Friday.
– Unemployment Claims to be released 30min after New York session Open forecasted : 205k Previously was 193k, Later on the day we have FOMC Member Waller due to speak about the economic outlook and monetary policy at the University of Kentucky, Then we have FOMC Member Mester due to speak about the economic outlook at the Council for Economic education in York.