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JoeChampion
Apr 9, 2023 3:38 PM

EURUSD:A potential retrace of an important weekly zone Long

Euro Fx/U.S. DollarFXCM

Description

Hey Traders, EURUSD is trading in an uptrend above an important weekly zone of 1.083 if we manage to get a pullback i will be watching a potential retrace of the weekly zone towards more highs. Fundamentally USD data continue to print soft which signals an upcoming cut of rate hikes from the fed and a weak dollar environment. i will be watching the next week CPI data to confirm so if it comes soft that would be a good indicator for a less restrictive monetary policy.
Trade safe, Joe.
Comments
basictradingtv
Great work Joe, thanks!
JoeChampion
@basictradingtv, Thank you buddy!
linofx1
Supported 🔥
JoeChampion
@linofx1, Cheers!
rTrader_official
smart view, thanks for your analysis
JoeChampion
MBM_Crypto
Great!
JoeChampion
@MJI786, Much appreciated!
FOREXN1
THanks for sharing , Interesting setup here.
ProjectSyndicate
upvoted to support you
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