EURCHF Short: Eurozone CPI +2.3% vs +2.3% y/y expEurozone November preliminary CPI +2.3% vs +2.3% y/y expected.
This is in line with estimates which is a short due to no surprises.
Cpishort
PRE CPI Trade Idea / 13th Feb 2024 - CPI session.
- I have no bias for this session due to CPI.
- I expect to see a bearish session targeting Asia’s RELs and PDL.
- PWL and equilibrium of the monthly FVG would be my perfect target.
CPI BEARISH M0VELooking at today's EURUSD it is bullish longterm but in the short term it has to drop down first and it's going to use CPI to do it. It has been consolidating for 2 days now to build orders and liquidity just after taking liquidity off an old high on Monday in preparation for the big news today. I see 2 possible areas for it to continue it's bullishness and both areas have those blue boxes. Cheers 🥂
