Based on the strong bullish move observed in the US news market, particularly with positive figures in Core CPI, Core Retail Sales, and CPI, as well as a notable increase in CPI y/y, it's reasonable to anticipate a bullish sentiment for the USD. The Empire State Manufacturing Index, however, showed a slight decrease.
In light of this, we could expect any retracement to the starting points as indicative of the presence of strong buyers. This scenario remains valid until the emergence of bearish news for EURUSD.
In light of this, we could expect any retracement to the starting points as indicative of the presence of strong buyers. This scenario remains valid until the emergence of bearish news for EURUSD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.