The EUR/USD pair is breaking above a bullish wedge pattern after completing a 5-wave move, signaling more upside potential. The price also broke above a short-term resistance level and the 61.8% Fib level.
Markets expect a slowdown in the US CPI, which could lead to the Fed responding with cutting rates.
Today's move is experiencing a strong momentum so far with a possible retest of recent highs.
Markets expect a slowdown in the US CPI, which could lead to the Fed responding with cutting rates.
Today's move is experiencing a strong momentum so far with a possible retest of recent highs.
