IDEA 3: EUR/USD range before USD retail sales data 2/14/23

업데이트됨

EUR/USD is still in a 140 pip range after the break of the uptrend line. USD retail sales will hopefully change the trend. Another USD hike is already baked into the price after NFP print and today's CPI.
Euro zone GDP had contracted and the projected CPI on 2/23 will also contract.
USD retail sales will be an indication of the resilience of the US economy.
EUR/USD has been unable to close above the previous break out high of 1.0736 on 12/15/22 for 7 trading days in a row.

노트

Short target reached. Now long for a return to whatever the market gives us tomorrow after USD retail sales. 1.0780 or beyond. Or stopped out below 1.0706

노트

Yup, stopped out for a small loss.