EUR/USD: Euro Keeps Bullish Stance But US CPI Data Likely to Define Near-Term Direction
The Euro keeps bullish bias in early Wednesday and regains traction after bulls took a breather (Tuesday’s Doji). Full reversal of January’s pullback (1.0705/1.0483) generates initial signal of continuation of larger uptrend from 2022 low (0.9535). Bullish daily studies add to positive picture, though overbought conditions warn of prolonged consolidation, as traders slowed pace, awaiting […] The post EUR/USD: Euro Keeps Bullish Stance But US CPI Data Likely to Define Near-Term Direction appeared first on Action Forex.
The Euro keeps bullish bias in early Wednesday and regains traction after bulls took a breather (Tuesday’s Doji). Full reversal of January’s pullback (1.0705/1.0483) generates initial signal of continuation of larger uptrend from 2022 low (0.9535). Bullish daily studies add to positive picture, though overbought conditions warn of prolonged consolidation, as traders slowed pace, awaiting […]
The post EUR/USD: Euro Keeps Bullish Stance But US CPI Data Likely to Define Near-Term Direction appeared first on Action Forex.
