At this point in time our pair is in a downward motion. The dollar strengthened against the backdrop of increasing bond yields. The Dow Jones index also hit a new high.
Looking at our schedule, we can see an accelerating downward movement, as the pair is trying to find a foothold below the level of 1.18.
Our trading goal is to find the entry point for a short position. Our potential candidates for entry points are located within 50 points near the levels seen in the chart and channel lines.
It is also possible for the price to be repulsed from these levels and start an upward movement, but this also be in the region of 50 points.
Important data is expected today in the eurozone, so that all of our attention is focused on the data in the US. The indices continue to support the exchange rate reserve currency.
