The double top at 100.00 is now pushing price to threaten support, firstly at 98.60, where price is now, and then down to 98.10 to 97.70.
We think there is a good chance of disappointment on 10 December. When has there been a FOMC where there has been 100% good news? And it one of Powell’s last chances to throw a spanner in the works.
So back to the double bottom/15 year trend support at 96.20 is our best guess.