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Euro / U.S. Dollar
Updated

EUR/USD in Tight Range – Calm Before the Data Storm

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EURUSD is currently trading in a tight range around 1.1670, consolidating after a sharp decline from 1.1850. On the 4H chart, price action shows repeated rejections from old Fair Value Gaps, hinting at indecision from both bulls and bears.

Yet, there's a clear setup building: unfilled FVGs overhead suggest unfinished downside potential, while growing volume under 1.1650 may signal a possible short squeeze – especially if US CPI data underperforms.

With CPI, PPI, retail sales, and multiple Fed speeches all lined up this week, the pair is poised for a breakout. Volatility is coming – it’s only a matter of direction.

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