EURUSD after CPI

Yesterday we saw a rise in EURUSD and a test of the highs around 1.1040 during the news.

The tailing off and pullback from previous highs does not allow for buying to be sought at the moment.

Upon a test of the levels from the news yesterday, we will be looking at short-term selling opportunities.

Their aim will be to reach the previous lows around 1.0920.
FibonacciTrend AnalysisTrend Lines

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