My expectations for EU Bulls and CPI data missed. Even though my bias is still Bearish on EU as long as we hold below 1.07371 on the 4hr, I Would've liked to see Bulls prove me wrong and take us up to the next 4hr level at (1.07625) This did not happen.
@dorianfx, I think price might be able to hit 1.0850 tomorrow if the PPI doesn't surprise to the upside. If price does, price drop below the 1.07 level. But if the move is still to the upside, then price will likely recover throughout the day and close above the 1.07.