USD Consumer Price Index (YoY) (NOV): 0.5% actual vs 0.4% estimate, 0.2% prior. Currently the EUR/USD is trading at 1.0970, prior to 1.0990.
Keep positions closely observed as tomorrow we might witness higher than usual volatility due to the last FED meeting for the year where we might see a raise in the interest rates.
Technically, prices are sliding on the 200SMA implying that a big move to either sides is a possibility.
Chart: EUR/USD D1
All eyes will be on FED tomorrow.
ReplyDeleteGreat post! I fully agree with your view.
ReplyDeleteNicely spotted , thank you.
ReplyDeleteExcellent analysis, thanks for sharing!
ReplyDeleteLet’s see how it keeps going.
ReplyDeleteIt could retrace from this point.
ReplyDeleteGood point! I´ll be waiting for a trigger.
ReplyDelete1.0900 is acting as a critical support level.
ReplyDeleteThanks for sharing, Well done.
ReplyDelete