EUR/USD Six Consecutive Lower Highs

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

EUR/USD Lower Highs suggest further bearish move. We should be aware of the US CPI which is scheduled for today.

Last couple of days the price has been ranging. The market is waiting for the CPI data. We should see better price movement today as volatility is expected in the US session. Six consecutive lower highs suggest bearish continuation.1.1560 zone is still bearish and the continuation of bearish momentum happens at the break of 1525. The target is 1.1482.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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