Today, there is a number of medium impact news, among which Consumer Prices Index and Fed Chair Powell speaking are expected to have a high impact. Consumer Prices is a number, so I circled back to its previous releases to examine the possible impact. See the charts below.
Greater than to forecast is supposed to be good for the currency.
13.1.
10.12.
12.11.
13.10.
11.9.
12.8.
Apparently, CPI change was never enough to change the overall direction of the market. It can, however, confirm the bounce of resistance or a breakout.
I will see if any position is worth taking. Later, in the evening, there is Powell speaking. I will not hold beyond that.
I marked levels and potential levels on the chart. Good luck!
Greater than to forecast is supposed to be good for the currency.
13.1.
Apparently, CPI change was never enough to change the overall direction of the market. It can, however, confirm the bounce of resistance or a breakout.
I will see if any position is worth taking. Later, in the evening, there is Powell speaking. I will not hold beyond that.
I marked levels and potential levels on the chart. Good luck!