Forex EUR/USD Daily VIdeo, January 12, 2023

[Sive Morten]

Good morning,

EUR is coiling around the same area. Currently situation is not friendly as for new long as for new short positions. We're watching for 1.0805 nearest target, but mostly everything depends on CPI now. All markets show contradictive action as psychological pressure is rising.

 

[Suomi]

Preparing for a disappointing CPI (USD long) is the trade Im considering, everything else is already priced in - probably-. This does not mean that CPI will be higher than forecasted, but if it is it would make a bigger bang.

 

[Benett 182]

Same view here. But I'm afraid of manipulation. If this stuff gets fuel to the upside. We will face maybe another higher high and higher low on SP 500 and DJI.

What do you think? And we are knocking on the door of a possible recession.

The rates are at the highest point in months. And the dollar getting weaker every day.