Hello Traders,
I hope everyone is having a fantastic week!
Today on EURUSD, price is trading within the daily flip demand zone following yesterday’s USD CPI news release. While I usually avoid trading during CPI events due to the high volatility and unpredictable price spikes—often driven by algorithms and emotional retail reactions—yesterday did present a valid short opportunity.
Now that price is back in the daily demand zone, a bullish setup using lower time frame (LTF) confirmation offers a high-probability trade. We could see a decent push up toward the nearby daily supply zone.
I hope everyone is having a fantastic week!
Today on EURUSD, price is trading within the daily flip demand zone following yesterday’s USD CPI news release. While I usually avoid trading during CPI events due to the high volatility and unpredictable price spikes—often driven by algorithms and emotional retail reactions—yesterday did present a valid short opportunity.
Now that price is back in the daily demand zone, a bullish setup using lower time frame (LTF) confirmation offers a high-probability trade. We could see a decent push up toward the nearby daily supply zone.
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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.
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.