On Thursday, against the backdrop of bearish CPI data, there was no downward movement; instead, expectations for a rate cut increased. This led to a rise in the safe-haven demand for long positions, which held above 2624, forming a short-term technical support for the top-bottom conversion. The short-term weak situation was disrupted, transitioning into a consolidation with a bias towards strength. With the strong closing of the medium-sized positive candle yesterday, the morning session today continued to be strong, so we need to focus on the level above 2624, and take long positions on the pullback in line with the trend.

The US dollar index was resisted near 103 and fell back, and we need to pay attention to the possibility of further adjustments testing the 102.4 level.

Trend: The medium to long-term bullish trend remains unchanged, with the short-term transition from weak to strong, and 2624 becoming the support for the conversion of long and short positions. Above this level, we should focus on opportunities for long positions.

Structure: At present, it seems that the ABC correction may end ahead of schedule, or it may enter a larger scale ABC. This requires attention to whether the secondary test in the future breaks the low or not. If it does not break and stabilizes, and rebounds upon breaking the high, it can basically be determined that it has ended ahead of schedule.

Pattern: The daily medium-sized positive candle held steady at 2624, and at the same time, it penetrated into the interior of Tuesday's negative candle, forming a stable trend. We should pay attention to the upward correction and rebound. High-level oscillations may continue to fluctuate back and forth. On the four-hour chart, after the medium-sized negative candle yesterday, there was no continuation of the downward trend, but instead, after the data, the price stabilized with a needle and rose with a medium-sized positive candle. Today, it shows a continuation of positive candles and breaks through the resistance near 2632 to touch the 2647 level, entering a short-term strong situation, but the overall high-level oscillation has not been completely disrupted. It's just that the small structure has disrupted the consolidation bias from bearish to bullish.

Strength: The morning session today stabilized near 2628 and strengthened. Although the European session did not continue to break the high, it was also biased towards strength on the basis of the morning session. So, it is likely that the US session will still be biased towards a consolidation of long positions.

Key support levels: 2632, 2624, 2605

Key resistance levels: 2652, 2660, 2673

Daily strategy:In the US session, retesting last night's high and low points, convert the top and bottom at 2633, go long below, with a stop loss at 2624, and look up to the 2641-50 area. For the second low long position, focus on the 2620-17 area, with a stop loss at 2610, and look up to the 2630-40 area.

When the price first touches the 2655-7 area, you can go short, with a stop loss at 2667, and look down to the 2648-40 line.

Other ideas will be prompted in the session based on the actual situation. Suggestions are for reference only.