#US30 Bullish before FOMC [CANCELED]

Waiting for a neutral FOMC report, risks are off, no increase of USD rate during summer but it will probably happen at the end of the year.


On 4hour-view :
RSI is consolidating on neutral level




On 1hour-view :
[Chart is above]
RSI is close to indicate a strong buy
Uptrend support has holden. We see a nice consolidation of 17650-60 range after breaks through 100MA and both last downtrend resistances.


Conclusion :

Today, a break of 17683 resistance level may lead to a nice retracement up of the last downtrend movement until 17770 target level