FX.co ★ kavon.collins | Game of Life: Visionary Insights into the Forex Market!

In terms of the EURUSD pair, here we have a stable situation where the upward movement continues. Currently, we are pushing north again, and there is still room for growth as we have formed another consolidation area, indicating further targets. The USD has been the driving force, facing pressure after the inflation data. Although I personally find this dollar collapse somewhat unclear. Monthly inflation turned out lower than expected, but the annual figure remains relatively high. In any case, it is crucial to observe the future price action of the dollar. I am still on the sidelines and not considering trades at these levels. However, I anticipate a move above 1.0885, and if a breakout turns out to be false, I will consider selling in the future.