EURUSD is testing trend support. A false breakdown is being formed. It would be logical to buy against the uptrend support. But today CPI is published. The data may overshadow buyers, as inflation is still a problem. Analysts expect the CPI to rise, which may have a negative impact on the euro
Growth with further support retest is possible:
1) False break of channel support
2) Fundamentally the situation is changing
3) Bears came to the market
4) The dollar may strengthen on the news
5) Euro may fall from key resistance
Growth with further support retest is possible:
1) False break of channel support
2) Fundamentally the situation is changing
3) Bears came to the market
4) The dollar may strengthen on the news
5) Euro may fall from key resistance
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