EURUSD - SELL

13 May 2024

• Appears to be more sellers than Buyers saw it tick down
  
• Usually a sign it will continue.
  
• See below
  
  
• Return to Previous Level Pattern
  
  
• Jobless Claims event
  
• Higher than Expected Unemployment Claims
  
  
• Make case for Lower Interest Rates
  
• Weaker for the Dollar as Interest rates will come down more
  
• chance so they move money out of USD invest other places.
  
• Cause of Initial move but price tends to revert back.
  
  
• But better for the Stock Market.
  
  
• Ticking up on 5 m CCPV indicator MT4