EURUSD is fairly mixed and I'm watching 2 scenarios and both of them are pointing to the upside eventually. Scenario 1 suggests that the Falling Wedge is done, re-tested and time go up. Unfortunately - it doesn't look that likely right now.
Scenario 2 suggests more downside but NOT very much - 1.3550 or maybe a bit lower. Right now, I find the 2nd scenario to be more probable.
Time will tell. CPI will be released in approx 2 hours.
Scenario 2 suggests more downside but NOT very much - 1.3550 or maybe a bit lower. Right now, I find the 2nd scenario to be more probable.
Time will tell. CPI will be released in approx 2 hours.
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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.