Eurusd
The low last week tested the December low of 1.0724 and buyers held their ground. Since then, price action has been a bit more muted though. The 100-day moving average (red line) has kept a lid on any upside move while the floor remains at the December low. It shows that traders are respecting the key technical channels in play - at least for now.
Considering that we have the US CPI data tomorrow, the movement today is likely to be fairly muted as well. Barring any surprise headlines, traders will be waiting on the inflation numbers tomorrow before chasing any major move
The low last week tested the December low of 1.0724 and buyers held their ground. Since then, price action has been a bit more muted though. The 100-day moving average (red line) has kept a lid on any upside move while the floor remains at the December low. It shows that traders are respecting the key technical channels in play - at least for now.
Considering that we have the US CPI data tomorrow, the movement today is likely to be fairly muted as well. Barring any surprise headlines, traders will be waiting on the inflation numbers tomorrow before chasing any major move
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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.