EURUSD - cup&handle breakout, watch for inflation & ECB
Technical
-1.1290 is strong resistance (H4 200EMA)
-Cup & handle formation + bottoming out
Fundamental
- ECB press conference -> most of the dovish comments already priced in
-US data deteriorated, today's CPI data key -> if inflation is weaker EURUSD break
MyFxbook community outlook
- EURUSD 65% short -> bullish move more probable
-1.1290 is strong resistance (H4 200EMA)
-Cup & handle formation + bottoming out
Fundamental
- ECB press conference -> most of the dovish comments already priced in
-US data deteriorated, today's CPI data key -> if inflation is weaker EURUSD break
MyFxbook community outlook
- EURUSD 65% short -> bullish move more probable
Comment:
Draghi killed the euro, simply put.