Technically - Chart patterns and price actions 1H TF created a double bottom or support level then bounce up... In Fib retracement, It pulls back at a 50% level, plus a bullish engulfing candle shows that
Fundamentally: The US (PPI) measures the change in the price of goods sold by manufacturers... The result was 0.7% higher than the forecast level. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
What's your analysis guys?
I will enter anytime on Monday Stop loss below the Estimated trading area (support) Trade with risk management
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