EUR/USD Price Analysis: Bulls are making their move, eye Fibo scale ahead of US CPI EURUSD Technical Analysis
Bears are lurking in the Fibonacci scale ahead of US CPI. is correcting higher from support ahead of what is a highly anticipated event today in the release of the US inflation data on Wednesday. The Consumer Price Index is likely to set the tone for markets, after stronger-than-expected jobs data last week.The bulls are moving in but the correction is gradual, meaning that there are prospects of an onward continuation of the bears moving in again after picking up at a premium.
Alternatively, a bullish commitment would likely see a far deeper correction toward the 61.8% ratio through 1.1000.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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