EURUSD: Bigger Bearish Move is Possible
EURUSD is positioned to fall further from the bearish pattern it is showing. The market is hesitant to fall further after we get the CPI data today. The US is expected to report a growth of 2.7% vs. 2.4% last month.
The impact of the data is unclear in my opinion because the market is not paying much attention to the data, but it should definitely increase the market volume which is decreasing in these summer days.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSD is positioned to fall further from the bearish pattern it is showing. The market is hesitant to fall further after we get the CPI data today. The US is expected to report a growth of 2.7% vs. 2.4% last month.
The impact of the data is unclear in my opinion because the market is not paying much attention to the data, but it should definitely increase the market volume which is decreasing in these summer days.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURUSD : target 1 reached. 100 pips down so far
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
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.