Technical Outlook: Bearish
- Reversal off trendline resistance and 96 psychological level
- Price will likely either consolidate or re test the 96 level prior to bearish continuation
- Dollar likely driven higher due to preemptive positioning and/or short covering ahead of the FOMC minutes this week (hawkish revisions) in addition to EUR & GBP weakness (Conte speech and EU warning letter to Rome)
- Reversal off trendline resistance and 96 psychological level
- Price will likely either consolidate or re test the 96 level prior to bearish continuation
- Dollar likely driven higher due to preemptive positioning and/or short covering ahead of the FOMC minutes this week (hawkish revisions) in addition to EUR & GBP weakness (Conte speech and EU warning letter to Rome)
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