EURUSD

Hello traders ,what do you think about EURUSD? This week, the spotlight is on the upcoming release of the Eurozone's Consumer Price Index data for December, scheduled for Wednesday, January 17. Market analysts anticipate an annual inflation increase to 2.9%, surpassing the previous figure of 2.4%. This uptick could lead the European Central Bank (ECB) to delay shifting towards a more lenient monetary policy. Should these projections hold true, the Euro is likely to gain further strength.In light of these developments, the EUR/USD currency pair shows potential for an upward trajectory towards a defined level. Currently, the price lingers below a key resistance zone and is close to a crucial trend line. It is poised for an upward movement following a correction that touches this trend line's boundary.
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