Have been out last couple of days. It seems like bear took back the control after cpi data yesterday?
love the chart mate clear and simple
DislikedThe US CPI data certainly had an impact on the EUR/USD pair, pushing it below the 1.0723 support level. This break below the previous swing low could indeed attract more bearish momentum and put pressure on the pair to continue its downward move. The next target could be the 1.0656/1.0643 zone if the price manages to break out of the falling wedge pattern. The previous high of the recent downward leg (1.0805) is currently acting as a resistance level, and a break above that could potentially shift the momentum in favour of the bulls. However, given...Ignored
Patience, Emotion Control and Discipline.
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