US30USD (Under News Pressure)

Technical Analysis: US30

The price fell below the support level of 39045 yesterday and reversed upwards and is now running between 39,245 and 29,045 to break sideways.

Current Outlook:
The price is likely to touch 39045 before potentially pushing up again. Both scenarios should be carefully considered:

Bullish Scenario:
Stability above 39230 suggests a move towards 39410. However, if the price reaches the support line at 39045, it must stabilize above this level to maintain a bullish trend.

Bearish Scenario:
A bearish trend would be confirmed if the price breaks below 39045, targeting 38790, and potentially dropping further from there.

Key Levels:
-Pivot Line: 39230
-Resistance Levels: 39400, 39575, 39780
-Support Levels: 39045, 38790, 38600

Today's Expected Range:
The price is anticipated to fluctuate between the support at 38790 and the resistance at 39410.

In summary, maintaining stability above the pivot line at 39230 is crucial for a bullish outlook, with targets at 39410. Conversely, a break below 39045 would signal a bearish trend with a downside target at 38790.