IDEA 3: EUR/USD range before USD retail sales data 2/14/23
Updated
EUR/USD is still in a 140 pip range after the break of the uptrend line. USD retail sales will hopefully change the trend. Another USD hike is already baked into the price after NFP print and today's CPI.
Euro zone GDP had contracted and the projected CPI on 2/23 will also contract.
USD retail sales will be an indication of the resilience of the US economy.
EUR/USD has been unable to close above the previous break out high of 1.0736 on 12/15/22 for 7 trading days in a row.
Euro zone GDP had contracted and the projected CPI on 2/23 will also contract.
USD retail sales will be an indication of the resilience of the US economy.
EUR/USD has been unable to close above the previous break out high of 1.0736 on 12/15/22 for 7 trading days in a row.
Note
Short target reached. Now long for a return to whatever the market gives us tomorrow after USD retail sales. 1.0780 or beyond. Or stopped out below 1.0706Note
Yup, stopped out for a small loss.
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.