Euro Reaches 50-Day EMA EURUSD FOREX Trading CPI
Enter your emailThe Europeans are going to struggle to keep the lights on, and that has a lot to do with economic output. rallied a bit on Wednesday as CPI numbers in the United States came out lower than anticipated.
This suggests that the rate of inflation could give the Federal Reserve a bit of a break, keeping them from having to be so aggressive with itsThat being said, it’s very unlikely that we will see that happen, due to the fact that the inflation numbers have still come in at about 3 to 3-and-a-half times the Fed’s desired target.The size of the candlestick was somewhat impressive, but the later we get into the day, the more we pulled back.
the Europeans are going to struggle to keep the lights on, and that has a lot to do with economic output. As long as the economy is going to struggle to live up to its full potential, the ECB will have to remain relatively loose with its monetary policy, despite some of the rhetoric that had recently been stated.
The 1.04 level being broken to the upside opens up the possibility of a much bigger move, perhaps to the 1.06 level. It’s not until we break above the 1.06 level that I would consider this trend completely changed. On the downside, I think that the parity level is worth paying close attention to, because it has a lot of psychology attached to it and of course will attract a lot of headline attention.
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