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EUR/USD Signal - USD CPI Data - 11 Aug 2021

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Signal Details
Entry Price: 
1.1710
Take Profit: 
1.1770
Stop Loss: 
1.1640
Direction: 
Sell
How we trade
Average: 4 (1 vote)

EURUSD is trending to the downside prior to the USD CPI data, which measures the change in price across a representative basket of goods and services, and is used to monitor inflation. Technically the pair is below the resistance trendline, and has also broken below a key support level. We anticipate continued downside into the 1.1770 level.

Submitted by Toni H. on Wed, 11 Aug 2021 10:16:03 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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