EURUSD : The war between economic data and daily oversold
Before the publication of the inflation data of the United States of America, we can see an upward movement. Based on technical analysis, it is the time to start the daily uptrend and we are at the beginning of the three-month uptrend. But the inflation data can break the upward trend line and throw it down. And recent US economic data has affected interest rate expectations. And this makes us go further down to reach deep weekly oversold.
It's a war between (daily oversold) and (economic data and interest rate expectations)...with interest rate expectations most likely determining the winner of this war.
It's a war between (daily oversold) and (economic data and interest rate expectations)...with interest rate expectations most likely determining the winner of this war.
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