Currently short EURUSD with some short positions being added by banks and institutions this week. USD has also been bought by institutions and has recently had some bearish momentum on the market.
Hot USD CPI inflation numbers could further weaken the euro by strengthening the dollar and we could see an explosive move below the weekly support level if this happens. risk to be managed with the news release.
https://www.tradingview.com/chart/Q3EJWv2M/
Hot USD CPI inflation numbers could further weaken the euro by strengthening the dollar and we could see an explosive move below the weekly support level if this happens. risk to be managed with the news release.
https://www.tradingview.com/chart/Q3EJWv2M/