EURUSD Long Idea
In this powerful downward trend that started on September 30, the corrections were small and the movements were big. I am looking for a corrective move here that is a little deep. The price target is 1.10000, which is the closest potential and valid support range.
I expected this correction to take place at the price of 1.09530, but the economic news came out in favor of the dollar and the price continued to fall further.
There is also the possibility of a reduction in the interest rate of the euro, even if it happens, a deep correction is inevitable. But I prefer to wait at least an hour after its publication.
On October 15, when the CPI index was published, we saw strong fluctuations in the early moments, but in the next 20 hours, the price did not fluctuate much, and this could be a sign of the end of the trend or a correction.
I expected this correction to take place at the price of 1.09530, but the economic news came out in favor of the dollar and the price continued to fall further.
There is also the possibility of a reduction in the interest rate of the euro, even if it happens, a deep correction is inevitable. But I prefer to wait at least an hour after its publication.
On October 15, when the CPI index was published, we saw strong fluctuations in the early moments, but in the next 20 hours, the price did not fluctuate much, and this could be a sign of the end of the trend or a correction.
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