Important EURUSD UpdateYesterday, EURUSD continued to move sideways, with the market waiting for key news.
Today at 1:30 p.m. (London time), U.S. inflation data will be released.
This report has a strong impact and is likely to determine the next major move.
It is advisable not to open any new positions before the news is published.
Eurusdcpi
Sideways movement on EURUSDEURUSD continues to trade within the range set by Friday’s news.
Tomorrow’s upcoming news is likely to trigger bigger moves.
Until then, there’s no clear reason to enter new positions.
Keep an eye out for potential trend continuation opportunities once the current correction ends.