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CipherFX_
Jan 11, 2024 1:24 AM

CPI Outlook - EURUSD  

Euro Fx/U.S. DollarFXCM

Description

Hello traders, as analysis for DXY still holds true. I would like to see higher prices on euro going into CPI. Be careful with large wicks. Ideally, I would like to see price trade back into our refined entry to take it higher. Still bearish below 1.10530. We could see a reaction at the breaker once more. I am overall bearish but I'm hoping CPI can give us that buy to sell setup we are looking for. Good luck traders and trade safely!

- CipherFX Team
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