Euro / U.S. DollarUpdated IDEA 1: EUR/USD setup before USD CPI
I am not chasing a EUR/USD short so close to the USD CPI print. Price has closed above the daily uptrend line and the daily breakout/weekly high at 1.0660 is a little too close for comfort. If anything, consider EUR/USD long at 1.0660 with a very tight stop. Next major support at 1.0638, the last weekly close and before price went up to 1.1032.
Potential retracement as high as 1.0831, a breakdown level that has not been retested on the daily chart.
Potential retracement as high as 1.0831, a breakdown level that has not been retested on the daily chart.
Note
Closed long position at 1.0724 for 64 pips profit.
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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.