After the last week drop, 2.8%, today the German CPI data is what potentially can move the market. Is expected to tick down to 1.5 percent from 1.6 percent. Broadly in line with the average for 2018 so far. After on the day we have the FED’s favourite gauge of inflation, the core PCE which is expected to remain the same 0.2%.
As you can see on the charts, we are in the WM2 which is situated between 50 and 61.8 Fib retracement. I’m a EURUSD bull portfolio manager so, that will be my potential buying zone, I will be waiting to see a reversal pattern around that area, which is the bottom of the channel as well.
Have a nice trading week everyone!

EURUSD-4H

EURUSD-1H

EURUSD-15min

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.