Inflation Concerns Drive US Dollar into Critical Juncture, Impacts Major Currency Pairs.
Setups on EUR/USD
In light of the latest CPI numbers, the EUR/USD pair has seen some interesting setups. The euro, which has been gaining strength against the US dollar in recent weeks, could potentially see a further rally if the market continues to price in a more hawkish stance from the Federal Reserve. Traders will be closely watching for any potential breakout above key resistance levels.
