Inflation Data đź“Š Favoring Breakout
Has EUR Topped out and has GDP been enough to put the nail in the coffin? Price is continuing to reject extreme prices and this was anticipated from 1.1045 and 1.1056 Higher time frame level's. However Buy Side took over to close out the NY Session. Maybe this is a precursor to a Bullish /Optiumistic CPI release tomorrow and a rise in EU. This is my Bias for the last Asian session of the week.
More Analysis: We may retest 1.10 1Hr Zone during Asian Session. It is wise to be weary of the fact that we are in a range on the Daily TF between 1.1045 and 1.0973. I was anticipating that we would keep pushing and do a continuation for NY session which we did, sort of at least back to the lows which was momentum from the news release. But these low prices didnt hold and the Daily cnalde is pulling back up to end off the session.
More Analysis: We may retest 1.10 1Hr Zone during Asian Session. It is wise to be weary of the fact that we are in a range on the Daily TF between 1.1045 and 1.0973. I was anticipating that we would keep pushing and do a continuation for NY session which we did, sort of at least back to the lows which was momentum from the news release. But these low prices didnt hold and the Daily cnalde is pulling back up to end off the session.
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