EURUSD prediction in upcoimg CPI NEWS.
The chart represents the EUR/USD currency pair on a 30-minute timeframe. The analysis suggests a potential short (sell) trade setup based on price action reaching a key supply zone.
Market Analysis
The 4H supply zone represents a key resistance area where sellers are expected to enter the market.
The entry zone is marked within this supply area, indicating where traders may look for short opportunities.
The expected price movement suggests that once EUR/USD reaches the supply zone, it will likely face selling pressure and start moving downward.
Take Profit (TP) Levels:
TP1: 1.03529
TP2: 1.02847
Final Target: 1.02233
Stop Loss (SL) is placed above the supply zone at approximately 1.04914 to manage risk.
CPI News Impact on the Trade Setup:
Today’s Consumer Price Index (CPI) news will be crucial in determining market direction.
If the CPI data comes in higher than expected, it may strengthen the USD, pushing EUR/USD lower and aligning with our short setup.
If the CPI data is lower than expected, the USD may weaken, causing a temporary bullish push toward our entry zone before potential rejection.
We are waiting for price action to reach our entry zone after the CPI release and then looking for a strong rejection to enter a short position.
Wait for the CPI news release to provide market direction.
If EUR/USD spikes into the supply zone and shows bearish confirmation, execute the short trade.
Manage risk by maintaining a proper stop-loss strategy above the high of the supply zone.
Target the take-profit levels based on price action and momentum.
This setup is based on technical analysis and fundamental impact from CPI data, so careful monitoring is required to confirm trade execution.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Market Analysis
The 4H supply zone represents a key resistance area where sellers are expected to enter the market.
The entry zone is marked within this supply area, indicating where traders may look for short opportunities.
The expected price movement suggests that once EUR/USD reaches the supply zone, it will likely face selling pressure and start moving downward.
Take Profit (TP) Levels:
TP1: 1.03529
TP2: 1.02847
Final Target: 1.02233
Stop Loss (SL) is placed above the supply zone at approximately 1.04914 to manage risk.
CPI News Impact on the Trade Setup:
Today’s Consumer Price Index (CPI) news will be crucial in determining market direction.
If the CPI data comes in higher than expected, it may strengthen the USD, pushing EUR/USD lower and aligning with our short setup.
If the CPI data is lower than expected, the USD may weaken, causing a temporary bullish push toward our entry zone before potential rejection.
We are waiting for price action to reach our entry zone after the CPI release and then looking for a strong rejection to enter a short position.
Wait for the CPI news release to provide market direction.
If EUR/USD spikes into the supply zone and shows bearish confirmation, execute the short trade.
Manage risk by maintaining a proper stop-loss strategy above the high of the supply zone.
Target the take-profit levels based on price action and momentum.
This setup is based on technical analysis and fundamental impact from CPI data, so careful monitoring is required to confirm trade execution.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
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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.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
Related publications
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.