(Weekly review and backtest) EURUSD
Main Highlight: US’s OCT CPI(YOY) was dropped to 3.2%, almost reaching fresh low at 3.0% even interest rate stay constant at 5.5% since July 2023. Indicating FED officials may keep rate unchanged until there is evidence to prove that current interest rate unable to stop inflation rate from hiking.
(EURUSD) outlook: Bullish. EURUSD got unexpected spike last week after US inflation rate CPI data released.
Support: 1.08340
Next resistance: 1.09710
(EURUSD) outlook: Bullish. EURUSD got unexpected spike last week after US inflation rate CPI data released.
Support: 1.08340
Next resistance: 1.09710
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I make a living by drawing charts.
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.