CPI coming as expected, showing a slowdown in eurozone.
I still favor a strong US economy as data suggeested this and last week, so expecting a depreciation on majors against the greenback.
As always, 0.25% 1st setup (1:2 with 50 pips TP1 for parcials), 0.5% second setup (1:3 with 100 pips TP1 for parcials).
Updates to come.
I still favor a strong US economy as data suggeested this and last week, so expecting a depreciation on majors against the greenback.
As always, 0.25% 1st setup (1:2 with 50 pips TP1 for parcials), 0.5% second setup (1:3 with 100 pips TP1 for parcials).
Updates to come.
Note
DXY needs to hold 106.00 in order for dollar bulls to remain in control and push this currency pair lower.
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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.