@MScott65 on EURUSD | PriceONN Community
M
Watching the calendar for tomorrow's US CPI data. That's going to be the main driver for the dollar, and likely EURUSD as well. If it comes in hotter than expected, we could see the Fed stay hawkish longer, putting more pressure on this pair.
Replies
Hey @MScott65, good point about the CPI data. I'm definitely watching that closely too. Friday's close was a bit indecisive, sitting right on that S1 pivot at 1.1760. If CPI comes in hot and the Fed stays hawkish, I can see us testing those lower levels again, maybe even challenging the 200-day SMA around 1.1730. But if it's soft, we could see a quick bounce back towards the 1.18 area. It's all about that inflation number and how the dollar reacts. I'm not planning any big moves until we see that data.