🏦Fundamental Analysis There is no change in the general projection of the FED. +0.2 high or -0.5 low inflation data can occur with simple price fluctuations. (Commodity Prices) Unless there is a significant deterioration in economic data, the FED will be determined to reduce inflation. Because long-term inflation leads to price uncertainty, leading to uncertainty on the supply-demand side. (in summary)
⏳If We Examine the Price Charts on a Daily Basis Level 11500 is the 0.236 Fibonacci level between A-B before. It can be interpreted as a 3-wave bearish movement between B-C. 12920 is an important resistance (0.618 between B-C) This level needs to be crossed before we can be sure that an upward movement has started.