EURUSD Quick retracement? 10.05.2023 by BDSwiss_Academy on TradingView.com
US consumer price growth falls to below 5%, at 4.9%, lower than expected.
The market reacted with high USD depreciation. Expectations of Fed pausing rate hikes remain the same possibly.
It is quite quick to speculate because the market has not tested many times the resistance but for these kind of announcements sometimes
the market reacts quickly on retracements.
As per the arrow. The market might reverse to the indicated level 61.8%.
