EUR/USD Poised for Bullish Breakout Amid Weakening USD and CPI

9月11日

EUR/USD Technical Analysis:

Current Outlook: EUR/USD is currently consolidating around the pivot level of 1.1000, with a potential bullish scenario on the horizon, especially with today’s anticipated inflation data, which is expected to show a weakening USD with a CPI result of around 2.5%. This could drive EUR/USD higher in the near term.

Best Scenario: A bullish trend is more likely if the price stabilizes above the pivot line. A continued uptrend could lead the price toward the resistance levels at 1.1129 and 1.1168. The weakening USD from the inflation report supports this scenario.

• Key Levels:
  Pivot Line: 1.1036
  Resistance Levels: 1.1129, 1.1168, 1.1240
  Support Levels: 1.0949, 1.0913, 1.0861
  
  
• Expected Range Today:
  The price is likely to move between 1.0949 and 1.1168, with a bullish bias.
  
  
• Overall Trend: The overall trend is expected to be bullish, especially if the price remains above the pivot point at 1.1000. A weaker-than-expected CPI for the USD will reinforce this upward movement, making the uptrend the stronger scenario.

9月16日

交易結束：目標達成

EURUSD
Update

the price pushed up about 110 pip and now should break 1.1130 to be a bullish trend toward 1.1168 and above it at 1.1240

otherwise, stability under 1.1129 will be a bearish trend again toward 1.1070 and 1.1000