Preferred direction: SELL
Comment: Ahead of the inflation data, the situation for the Euro did not change. The current sluggish recovery is due to a surge in market sales that were missed by limit buyers. This does not mean that we will now grow rapidly. Most likely, a major player has not allowed the price to move, as the impulse is delayed until the US inflation publication, which will take place today.
Two short scenarios are now autal, that is, two transactions can be active at once with a target at the level of 1.08000. Stop loss should be placed slightly above the level of 1.11000.
Thank you for like and share your views!
Comment: Ahead of the inflation data, the situation for the Euro did not change. The current sluggish recovery is due to a surge in market sales that were missed by limit buyers. This does not mean that we will now grow rapidly. Most likely, a major player has not allowed the price to move, as the impulse is delayed until the US inflation publication, which will take place today.
Two short scenarios are now autal, that is, two transactions can be active at once with a target at the level of 1.08000. Stop loss should be placed slightly above the level of 1.11000.
Thank you for like and share your views!
Trade active
Note
‼️Trade idea is relevant for US PPI data publication as well‼️⚡️New US PPI's ideas for AUDUSD, USDCHF, SILVER⚡️
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🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Related publications
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.