The market tanked after the news report. As you can see the price action is still forming an expanding triangle pattern. On the 1H timeframe, the market formed equal lows and I think it will grab liquidity below then move upward because the price reached the demand zone. The market shows divergence and it suggests that the price is weakening at the strong support level. I expect the market to bounce off the downward trendline and the strong support around 1.08000. My goal is the resistance at 1.08975
📊QUICK FUNDAMENTAL LOOK
The U.S. dollar held steady on Friday as traders weighed how surprisingly strong economic growth data would impact the Federal Reserve's rate path and awaited a key inflation gauge later in the day for more clues.
⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.