EUR/USD | Breaks Higher After CPI Data – Next Stop 1.17?

Oct 24

By analyzing the EUR/USD chart on the 2-hour timeframe, we can see that after an initial rise, price corrected to 1.15765, then gained strong buying pressure and climbed up to 1.165 so far.
Following today’s CPI report, which came in lower than expected, the euro strengthened and the U.S. dollar weakened.
I expect EUR/USD to continue its upward move, with the next target at 1.16710. If price breaks above this level, the following targets are 1.16815 and 1.16950.

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Best Regards , Arman Shaban

Oct 27

Trade active

By analyzing the EUR/USD chart on the 2-hour timeframe, we can see that after an initial rise to 1.165, price pulled back slightly to 1.16330.
However, all previous analysis assumptions remain valid, and the overall market structure is still bullish.

After this minor correction, I expect EUR/USD to resume its upward trend, with the next target at 1.16710, and if that level breaks, further targets at 1.16815 and 1.16950.