Euro / U.S. DollarUpdated EURUSD - 19 January 2023
A pullback is likely to take place in the near future based on the most recent PA. The way price reacted to the CPI news on 12 Jan & PPI news on 18 Jan suggesting that price has now lack of momentum to sustain the move higher. And given the huge imbalance of orders created from NFP, algorithm is very likely to seek to rebalance their inventory.
Long-term bias of EURUSD still remain bullish.
Long-term bias of EURUSD still remain bullish.
Note
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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.