EUR/USD
Dt- 8th Dec 2022
The larger picture has not changed for EUR/USD, it is still trading and consolidating in the upper ranges of the bullish trend, however, today also is likely to confine within the upper range 1.0555 and on the lower side of 1.0450, they are the resistance and support for the day respectively.
Tomorrow PPI figures of US could provide fresh impetus and EUR could decisively move either to upside or downside. So scalping should be the strategy for today.
Disclaimer- Not financial advice.
EUR/USD
Dt- 9th Dec 2022
EUR/USD made at least 100 pips move one-way yesterday and it's still up on today's, from its opening. However, it has bounced off a high of 1.0588 so it has not gone past 1.06 to print fresh highs.
Today's new event includes the PPI release along with Prelim UoM Consumer sentiment. The forecast is better than the previous one, any figures below the forecast will trigger another bearish run for the USD, which will push EUR further up. But we never know, today is also Friday, so better to wait and watch.
Disclaimer- Not financial advice.