Forex EUR/USD Daily Video, October 12, 2023

Sive Morten

Special Consultant to the FPA
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18,472
Good morning,

Upside action shows signs of exhausting. CPI upside surprise and drop of SPR today could trigger downside pullback. We keep watching for reversal patterns on intraday charts. Technically it would be correct if reversal starts from ~1.0665 area where major intraday targets stand, but we're not sure that EUR could reach it, only in case of lower inflation data.

 
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