Chicago PMI revised to 59.2

After releasing data of chicago PMI , dollar weakend on the board versus euro and sterling.

Chicago PMI was then revised to 59.2 from 55.2 versus 58 in april so the dollar reversed and euro dropped back to 1.1230$ area which it was trading at before the news.

So the pair is signaling a reversal again after reaching daily high at 1.1252$

Shorting euro against the dollar at current level will be very profitable and safe trade as long as we dont close above 1.1250$ on weekly basis.

Was that a russian hack as well? Zerohedge thinks so but if that is the case , then fx markets are at big risk.

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Usd recovering against the board

The dollar has been regaining some strength since friday noon. Usdjpy has recovered 100 pips from 107.30¥ ...the pair might face some tough resistance at current area, however i think we might be heading towards 110.80¥ soon. Resistance area can be found at 108.40 followed by very tough resistance at 108.80¥. If broken , we will have clear way to break the medium term downtrend andstart building new bullish trend targeting a break above 115¥ in the medium term. I am on the side of that reversal scenario unless we see a decisive break below 106¥ on daily or weekly close.

archer aviation : Achr buy at 3$?

$achr weekly chart Trading at 50 and 100 WMA

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