EUR/USD, waiting for the US CPI!
The EUR/USD is moving true the H4 down trend channel in the last couple of days while traders are wait fot the US CPI data. In my last EUR/USD analysis from February 17. I have pointed at possible break down to 1.1060/80 and yesterday the pair fell to that level, with 1.1070 low. After the support at that level, the pair rebounded up to the previous resistance, with high of 1.1139 and retunr down again. For now, H4/MA100 is magnetic and furder gain is possible only above 1.1140. The US CPI will be very important for the US dollar and for this pair for sure. That’s why, follow the data at 13:30 h (GMT).