The euro took a sharp nosedive, falling from 1.168 to nearly 1.160 in its steepest drop of the week, after hotter-than-expected U.S. CPI data shocked the market. This move reflects a classic repricing of rate expectations, as traders quickly rotated back into the dollar – the “sleeping giant” now seemingly reawakened.
Is this just a technical pullback or the beginning of deeper pain for EUR/USD bulls? With the Fed signaling it may hike again if inflation persists, the macro bias clearly favors USD strength. However, if the 1.160 support holds and we see a strong bounce with rising volume, a short squeeze could be in the making – catching late bears off guard.
Is this just a technical pullback or the beginning of deeper pain for EUR/USD bulls? With the Fed signaling it may hike again if inflation persists, the macro bias clearly favors USD strength. However, if the 1.160 support holds and we see a strong bounce with rising volume, a short squeeze could be in the making – catching late bears off guard.
Trade closed: target reached
Trade like you mean it – because every second matters.
📊 Instant insights.
📬 Precision signals.
👨🏫 Real coaching. Real results.
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
📊 Instant insights.
📬 Precision signals.
👨🏫 Real coaching. Real results.
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade like you mean it – because every second matters.
📊 Instant insights.
📬 Precision signals.
👨🏫 Real coaching. Real results.
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
📊 Instant insights.
📬 Precision signals.
👨🏫 Real coaching. Real results.
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.