It is due a snapback though. When you look at the Daily Chart, I
think a bounce to around 97.50/97.75 is possible. I can see a tiny
gap there as well as a prior Pivot Low/Possible Supply Zone.
Trigger? It could be PPI tomorrow or if nothing from that,
then Friday night/Weekend action by Trump in Iran. Something to
take attention away from gaping wide Domestic Woes or throw a few
more toys out of his pram.
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It is due a snapback
The $USD broke its long-term trend.
Posted by vimal on 29th of Jan 2026 at 05:35 am
It is due a snapback though. When you look at the Daily Chart, I think a bounce to around 97.50/97.75 is possible. I can see a tiny gap there as well as a prior Pivot Low/Possible Supply Zone. Trigger? It could be PPI tomorrow or if nothing from that, then Friday night/Weekend action by Trump in Iran. Something to take attention away from gaping wide Domestic Woes or throw a few more toys out of his pram.