{quote} Truly terrible? I have the opinion that: -if inflation is HIGH then USD gets bought up due to the feds' willingness to raise rates more to curb inflation = LOWER EURUSD -if CPI comes in at or below .5, then we will have HIGHER EURUSD. Are we thinking the same?
{quote} 1.0235 is the new decision point, price may bounce, or break from there. 1.0263 is the end of the bullish range and at 1.0274 the weekly resistance so price may get there to find any sellers left.
{quote} Okay, once again some people here keep forgetting that I don't care for fundamentals! I was solely talking for the minutes when news come out. I don't care about why's.. and how's.. I only care of market psychology during the announcements of news to see reaction! After reaction settles I stick to technicals! Anyway, thanks for your input.. it will surely help our fundamentalist members... Best wishes
The tendency of the market towards the weakness of the dollar, right on the eve of the important CPI news, is very strange and of course interesting
10 more pips for my selling mode to be activated (1.02700) c'mon bulls, one more push. Meanwhile I have booked all my longs from 1.014260 at 1.02600. +113 pips gained
{quote} Spot on sir. This is why I love this room! Cheers!
