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EURUSD Technical Analysis

On the daily chart below for EURUSD, we can see that as the price tried to break above the previous February high at 1.1033, it was strongly rejected back down. The move lower kicked in as US Retail Sales missed expectations with a further extension of the bearish move as Fed’s Waller delivered hawkish comments and the 1 year inflation expectations in the University of Michigan survey showed a big jump to the upside. Maybe the market started to worry about the recession after the retail sales nu... Read More

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Eurusd

Technical

Analysis

Forex

Posted: Apr 18 2023, 09:32

Author Name: forexlive

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