EUR/USD Change of structure with entry!

10 באוג׳ 2023

This morning, I'm closely observing the EUR/USD market as the CPI data release is anticipated. Currently, I'm noticing a bullish structure on the chart. I'm paying special attention to the level 1.09960, where a previous high occurred on the 4-hour (H4) timeframe. I believe that in this zone, there could be a confirmation of the upward trend, especially considering the negative forecasts for the CPI. So, in the event that the candle on the 1-hour (H1) timeframe closes above the level of 1.09960, there might be a potential demand area between 1.0965 and 1.0980. In that case, the market could push up to the next high on the 4-hour (H4) timeframe at 1.1040.