Today, key U.S. economic indexes were released, providing fresh insights into inflationary pressures and the state of the labor market:
Core PPI m/m:
Actual: 0.1% | Forecast: 0.3% | Previous: -0.4%
Lower than expected – suggests weaker underlying producer inflation.
PPI m/m:
Actual: 0.1% | Forecast: 0.2% | Previous: -0.5%
Slight miss – overall inflation at the producer level remains soft.
Unemployment Claims:
Actual: 248K | Forecast: 242K | Previous: 247K
Slightly higher than forecast – signaling some cooling in the labor market.
Market Outlook:
These data releases point toward cooling inflation and softness in job growth, which may strengthen the dovish narrative around the Fed’s next move.
DXY Index(
DXY) is under pressure, and EURUSD(
EURUSD) is showing signs of bullish momentum.
-----------------------------------------------------------
Now let's take a look at the EURUSD chart on the 1-hour time frame.
EURUSD is trading near the Heavy Resistance zone($1.182-$1.160) and Monthly Resistance(2).
In terms of Elliott Wave theory, EURUSD appears to be completing microwave 4. Microwave 4 could be completed at one of the Fibonacci levels.
I expect EURUSD to attack the Heavy Resistance zone($1.182-$1.160) at least once more after completing microwave 4 and could even rise to the Potential Reversal Zone(PRZ)[$1.172-$1.163].
Note: If EURUSD touches $1.1446[Worst Stop Loss(SL)], we can expect more dump.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Core PPI m/m:
Actual: 0.1% | Forecast: 0.3% | Previous: -0.4%
Lower than expected – suggests weaker underlying producer inflation.
PPI m/m:
Actual: 0.1% | Forecast: 0.2% | Previous: -0.5%
Slight miss – overall inflation at the producer level remains soft.
Unemployment Claims:
Actual: 248K | Forecast: 242K | Previous: 247K
Slightly higher than forecast – signaling some cooling in the labor market.
Market Outlook:
These data releases point toward cooling inflation and softness in job growth, which may strengthen the dovish narrative around the Fed’s next move.
DXY Index(
DXY) is under pressure, and EURUSD(EURUSD) is showing signs of bullish momentum.-----------------------------------------------------------
Now let's take a look at the EURUSD chart on the 1-hour time frame.
EURUSD is trading near the Heavy Resistance zone($1.182-$1.160) and Monthly Resistance(2).
In terms of Elliott Wave theory, EURUSD appears to be completing microwave 4. Microwave 4 could be completed at one of the Fibonacci levels.
I expect EURUSD to attack the Heavy Resistance zone($1.182-$1.160) at least once more after completing microwave 4 and could even rise to the Potential Reversal Zone(PRZ)[$1.172-$1.163].
Note: If EURUSD touches $1.1446[Worst Stop Loss(SL)], we can expect more dump.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Note
Financial markets are affected by the tension between Israel and Iran. It is better to observe capital management more than ever and not even trade.Trade active
Wave 4 has completed at the support zone, and we should expect EURUSD to rise.
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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.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
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.