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EURUSD:USD remains indecisive prior to CPI data

skrimon

skrimon

Active Member
Hey Traders, taking a look at DXY seems like the market has changed the plan and wants to remain indecisive until the release of CPI to have more of a clear vision what would be the Fed's next move. From now on USD choose to take a break and I think this break will continue in the short term as we approach CPI data.
Technically we have noticed a decent breakout on EURUSD downtrend so i will be monitoring the price action around 1.063 zone for a potential retrace.
Trade safe.
 

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