EURUSD Ahead of The US CPI Data

EURUSD Ahead of The US CPI Data

During the previous weeks, the price failed to break through 1.0730.

It is possible that EURUSD was waiting for the US CPI data.
This is another moment that the market can speculate about the next move.

It is very dangerous to predict the next move at this moment, given that it is
related to a market speculation about the CPI data.

From the current area, we can see the EURUSD rising up to the channel resistance area and moving lower or it may break out of the pattern and may rise further over the coming days.

So let's see what will happen as it won't be that easy.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️