EURUSD is trending to the downside prior to the USD CPI data, which measures the change in price across a representative basket of goods and services, and is used to monitor inflation. Technically the pair is below the resistance trendline, and has also broken below a key support level. We anticipate continued downside into the 1.1770 level.
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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.