EURUSD Could see some upside by inflation printing softly

11 May 2022

This pair is positioning in a key area.

The price is at important demand zone. The price is having problems to break below this zone.

*The price is below a 1hr trendline right before the upcoming cpi catalyst

The CPI (consumer price index) will be key for what direction the market will take. It is important to keep in mind that markets are already expecting inflation to print softer in April, by quite a bit actually with consensus expecting headline to slow to 8.1% from 8.5% and Core expected to slow to 6.0% from 6.5%

12 May 2022

Emir iptal

The price did not give us any good trade opportunity to the upside which is great, but it did to the downside. Remember do not try to guess where price is going, have a plan and be reactive.