EUR is heading to the upside. the question is where will it stop

EUR just broke out of the downtrend channel. it'll likely go up and retest resistance. CPI data is due in about an hour. target will depend on the data that is due to come out. I'm long at 1.10919 will hold this long and wait for CPI data before setting target.

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CPI data isn't looking good. I've set SL to entry to make it risk free.