Sive Morten
Special Consultant to the FPA
- Messages
- 18,673
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.
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.
