Yesterday's FOMC data has strengthened the dollar and the currency pair
Important fundamental data is also released today:
- Core Retail Sales - weak data.
- Initial Jobless Claims - no data
- Philadelphia Fed MI - weak data expected
- Retail Sales - weak data expected
TA: The price might test the 1.26100 area and start the next strengthening, but if it slides under and breaks the support at 1.25966, the correction will continue to 1.24868.
SMA is a strong support.
Strong resistance: 1.26800
Strong support: 1.26100, 1.25966
I expect correction to the earlier broken border of the channel, but I will expect continuation of growth from the support area.
Regards R. Linda!
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