Today at 14:30 CET Core CPI m/m will be released in the United
States. The index is published monthly by the Bureau of Labor
Statistics. It measures the change in prices for goods and services,
excluding the most volatile components: food and energy. The indicator
measures inflation, which in turn affects the US monetary policy and
base rates. Members of the Federal Open Market Committee (FOMC) take the
inflation outlook into account to restrain its excessive growth pace
due to tightening policy. Rate hike leads to an influx of investment
funds in the economy. For this reason, CPI release may cause volatility
momentum of the US dollar against the most liquid currencies.
Here we consider EUR/USD currency pair on the H4 chart. The Swiss National Bank (SNB) turned down the protection policy of the average exchange rate of two currencies (EUR,CHF) at 1.20 francs per euro. The regulator was forced to take this measure amid long-term euro depreciation. Floating exchange rate made the European currency soar even deeper and triggered a sell-off. We can observe the daily bearish trend, which proceeded after a slight retracement within the channel 1.16132-1.17252. Parabolic historical values are moving along the trend line, confirming its strength. You should also pay attention to the bullish divergence completion on the RSI-Bars oscillator chart and the trend reversal.
Read more Click Here / www.trade4x.net

Here we consider EUR/USD currency pair on the H4 chart. The Swiss National Bank (SNB) turned down the protection policy of the average exchange rate of two currencies (EUR,CHF) at 1.20 francs per euro. The regulator was forced to take this measure amid long-term euro depreciation. Floating exchange rate made the European currency soar even deeper and triggered a sell-off. We can observe the daily bearish trend, which proceeded after a slight retracement within the channel 1.16132-1.17252. Parabolic historical values are moving along the trend line, confirming its strength. You should also pay attention to the bullish divergence completion on the RSI-Bars oscillator chart and the trend reversal.
Read more Click Here / www.trade4x.net

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