EURUSD Long BIAS + Pre-CPI Accumulation!

12 sept 2023

On EURUSD, we have a bullish setup with the price located in a buying zone, within which there are two more. The price has retraced on a bullish trendline and is gearing up for a significant upward impulse. Everyone is awaiting tomorrow's data on the US Consumer Price Index (CPI), while the price is accumulating in the meantime. It will be important to prepare for the distribution phase tomorrow. Furthermore, in the case of a long trade, one could target the level of 1.08, where we have a previous swing high, with a possible stop below 1.07 for now. Let me know what you think. Leave a like and comment in support of our work. Happy trading to all.