Analysis of EURUSD
1.340 is strong resistance and more than two times tested to be break but it couldn't ,and this is mean can not break but only waiting for news .
As you see in my chart ....
two EMA are about to be cross while long term EMA still waiting for my short term EMA to be break and then will break too and down to 1.30 one more ....
What I suggest traders to waiting for news ell today and see the results only after that and goes on sell if worse than expect if not then buy will be available but only for while ...
EUR news
1- Core CPI (YoY)
The Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco. The data has a relatively mild impact because overall CPI is the European Central Bank's mandated inflation target.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Shaikh Talan
1.340 is strong resistance and more than two times tested to be break but it couldn't ,and this is mean can not break but only waiting for news .
As you see in my chart ....
two EMA are about to be cross while long term EMA still waiting for my short term EMA to be break and then will break too and down to 1.30 one more ....
What I suggest traders to waiting for news ell today and see the results only after that and goes on sell if worse than expect if not then buy will be available but only for while ...
EUR news
1- Core CPI (YoY)
The Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco. The data has a relatively mild impact because overall CPI is the European Central Bank's mandated inflation target.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
1- CPI (YoY)
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Shaikh Talan
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