EURUSD 4H (It looks uptrend) with CPI movement

Hello everyone

Meanwhile, the Federal Reserve, the European Central Bank, and the Bank of England, among others, will decide on monetary policy later this week, where they are expected to challenge bets for rate cuts early next year.

EURUSD forecast

The price can stabilize above the strong support line which was at 1.0733

so, now it will reach 1.0834, and then to get 1.0930 should stable above 1.0834

CPI result will affect the market, releasing more than 3.1% will support bearish for EURUSD
Less than 3.1% will be a bullish trend to get 1.0930

Pivot Price: 1.0780
Resistance prices: 1.0835 & 1.0930 & 1.1013
Support prices: 1.0680 & 1.0640 & 1.0585

The movement range will be between 1.0735 and 1.0930

تم فتح الصفقة:

update

The price can stabilize above the strong support line which was at 1.0733

so, now it will reach 1.0834, and then to get 1.0930 should stable above 1.0834

CPI result will affect the market, releasing more than 3.1% will support bearish for EURUSD
Less than 3.1% will be a bullish trend to get 1.0930

أغلقت الصفقة: تم الوصول للهدف:

It is possible to do a retest till 1.0830 fir the next week…

Next update will come on Sunday…

Have a great weekend <3