📰 CPI News-Based Trade | EUR/USD Buy
We entered a long position on EUR/USD following the release of the US CPI data, which showed a significant deviation from expectations:
Actual CPI m/m: 0.2% below forecast
This meets our market-moving threshold of ±0.2%, indicating potential USD weakness
Weak CPI data reduces Fed rate hike expectations, leading to dollar depreciation
📈 Trade Setup:
Direction: Buy EUR/USD
Entry Reason: CPI m/m came in lower than forecast, signaling USD weakness
Strategy: News-based momentum trade
Stop Loss: 1.5 × 15-min ATR
Take Profit: 2 × ATR (risk-reward ~1:1.33)
🎯 Objective: Catch the post-news directional move based on fundamental weakness in USD. ATR-based risk management ensures volatility-adjusted levels.
We entered a long position on EUR/USD following the release of the US CPI data, which showed a significant deviation from expectations:
Actual CPI m/m: 0.2% below forecast
This meets our market-moving threshold of ±0.2%, indicating potential USD weakness
Weak CPI data reduces Fed rate hike expectations, leading to dollar depreciation
📈 Trade Setup:
Direction: Buy EUR/USD
Entry Reason: CPI m/m came in lower than forecast, signaling USD weakness
Strategy: News-based momentum trade
Stop Loss: 1.5 × 15-min ATR
Take Profit: 2 × ATR (risk-reward ~1:1.33)
🎯 Objective: Catch the post-news directional move based on fundamental weakness in USD. ATR-based risk management ensures volatility-adjusted levels.
Trade closed: stop reached
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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.
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.