We have a ton of data coming out from EZ, including German CPI, Unemployment Change + Unemployment rate. Ahead of the events, EURUSD has formed a small H&S pattern, which is NOT high probability pattern in this situatsion as current trend is clearly down.
A wise move here would be to wait until all the data is released to see how the pair reacts because chances are that the EZ data will be disappointing.
A wise move here would be to wait until all the data is released to see how the pair reacts because chances are that the EZ data will be disappointing.
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.
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.