EURUSD Potential Buy DXY Short US CPI Shows Inflation Spike
Today the US CPI economic report showed a sharp rise in inflation Core CPI (MoM) (Aug) Act: 0.6% Cons: 0.3% Prev.: 0.3%
and YOY CPI (YoY) (Aug) Act: 8.3% Cons: 8.1% Prev.: 8.5% most likely fueling a large interest FED rate hike at the end of this month. On the 4 hour chart EURUSD has come into a near oversold position that may potentially be a good buy. RSI dipped down to the 30s but has since gapped up. The near half period MACD is approaching a bullish signal showing some buy momentum coming in potentially for now. The 1 hour and 2 hour default MACD approaches bullish momentum as well. I will be looking for a potential long buy here with a target of 30 pips.
Ilyas Khan Top1 Markets
and YOY CPI (YoY) (Aug) Act: 8.3% Cons: 8.1% Prev.: 8.5% most likely fueling a large interest FED rate hike at the end of this month. On the 4 hour chart EURUSD has come into a near oversold position that may potentially be a good buy. RSI dipped down to the 30s but has since gapped up. The near half period MACD is approaching a bullish signal showing some buy momentum coming in potentially for now. The 1 hour and 2 hour default MACD approaches bullish momentum as well. I will be looking for a potential long buy here with a target of 30 pips.
Ilyas Khan Top1 Markets
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.