Trade Update: EUR/USD analysis
Updated
US fundamental on CPI remained unchanged, this was a pivotal macro indicator which large investors were waiting for, sentiment, therefore, remains more at ease, from a technical perspective price tapped a key liquidity barrier however we rejected this zone with an evening star reversal pattern then a 4HR bearish engulfing candle closing below a minor trendline signifying large downside pressure, its likely that price could rally to targeted zone of 1.25000 then potentially extend to a psychological level of 1.20000
Trade closed: target reached
Trade active
2nd target 1.12155 - trade running risk-free, sl is 30 pips above-market execution
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.