EURUSD Analysis
EURUSD has broken the top level of the Descending channel. After the breakout, the Market has retested the broken level and starts to bounce up in the 1-hour timeframe chart.
Due to Fundamental Economic news release, EURUSD has re-entered inside the descending channel within a short time due to Positive news result data of US Core CPI (Consumer Price Index). This led to the stop-loss price. Tomorrow FED Testimony scheduled.
The inflation rate ticked higher to 5.4%
FED may soon expect to taper assets by this year-end due to the inflation rate change.
EURUSD fall again to the low level of Symmetrical Triangle pattern in the daily Timeframe chart.
