TrategySherpa

Euro will have a correction and then increase again

Long
OANDA:EURUSD   Euro / U.S. Dollar
The US consumer price index was unchanged in October, with core inflation showing signs of slowing. CPI increased by 3.2% compared to the same period last year. In September, this value was 3.7%.
Therefore, after the inflation report was released, the market predicted a 100% chance that the US Federal Reserve would keep interest rates unchanged in December, compared to 86% before the inflation report was released. The dollar and Treasury yields fell after weaker-than-expected U.S. consumer inflation data. The dollar index, which gauges the dollar's strength against a basket of major currencies, fell sharply, and the yield on the 10-year Treasury note fell to its lowest level, more than a month after the inflation report was released.

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