USD Index daily review

H4 chart

Price went from the weeks target up to just below WS1. The pink zone above WS1 is the point where bears are likely to re-enter short. Even though price is yet to break through previous low, this market seems to have more bears than bulls. The next FED meeting is on the 3rd of May and chances for a rate hike are increasing.We are yet to see market pricing in whats seen on the FED watch tool.

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