EURUSD: Inside a Larger Megaphone Pattern - Update
EURUSD is moving inside a large "Megaphone Pattern". We are inside a large corrective pattern.
It looks like the price could fall today with targets 1.1723; 1.1700 and 1.1655
Looks like a temporary top was reached at 1.1790. The price is hesitating to go down more expecting the US CPI data today.
The U.S Banks are all expecting an increase on the Core CPI data for this month rising the chances that the USD can become stronger and this movement can complete our picture.
However it's required to be careful.
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
EURUSD is moving inside a large "Megaphone Pattern". We are inside a large corrective pattern.
It looks like the price could fall today with targets 1.1723; 1.1700 and 1.1655
Looks like a temporary top was reached at 1.1790. The price is hesitating to go down more expecting the US CPI data today.
The U.S Banks are all expecting an increase on the Core CPI data for this month rising the chances that the USD can become stronger and this movement can complete our picture.
However it's required to be careful.
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Trade active
EURUSD: Target_1 reached:)
Trade closed: target reached
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.