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EURUSD 4H (CPI will decide ...)

OANDA:EURUSD   Euro / Dollar Américain
EURUSD

OUTLOOK

The euro rose in the European market on Thursday against a basket of global currencies, to extend its gains for the second day in a row against the US dollar, amid strong expectations about the European Central Bank and the Federal Reserve stopping raising interest rates during next month's meetings.

Currently , consolidation above 1.1034 by 4H candle it will support the price to build the positive momentum and reach to the 1.1114 and 1.1190

otherwise , consolidation under 1.1034 the chance of decline increase and it is possible to drop again to the previous areas 1.0949 and 1.0910

And the decision in the hand of CPI

Be care Today news will affect the market directly

support line : 1.0949 , 1.0910
resistance line : 1.1034 , 1.1114

what is your opinion ??

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