The price broke through the downward channel it formed a double top on the 4H timeframe. The market is showing some weakness at the resistance zone after an impulse move. The bullish momentum is fading because the price reached the daily resistance zone, and we have bearish divergence on the daily timeframe. I expect a retracement from the resistance zone.
📊QUICK FUNDAMENTAL LOOK
The dollar was broadly steady near a six-week high on Thursday, as investors await GDP and other data this week for clues as to where U.S. rates might be headed, while the euro was soft before a European Central Bank policy meeting later in the day.
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