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USD/CHF is coming back to the downside after the latest CPI report, which jumped from 3.3% to 3.4% y/y. We can see an excellent turndown towards the lower support line with an intraday impulsive sell-off which signals more weakness as the rise from the low is seen in three waves.
A broken corrective channel can be another critical evidence for resuming a bearish trend, possibly even back to 0.9060.
Eurozone inflation falls to 4.5% US Core PCE Price Index eases to 3.9% The euro has moved upwards on Friday. In the European session, EUR/USD is trading at 1.0597, up 0.30%. After...
Dollar cruises higher, nonfarm payrolls on Friday will be crucial for this rallyEarly indicators point to another solid month for the US labor marketCentral bank decisions in...
The US Dollar is in a pullback mode with some interesting reversals that can be happening because of end-of-the-week/month/q3 flows. We see some impulsive turns on small time...
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