EURUSD Chart Technical Outlook trades In Sell ahead of the EZ inflation data
EUR/USD’s broad bias is bearish. The ECB is dovish, while the Fed is not. Inflation data from the Eurozone is due today for more clues on the ECB’s next move. Prices have been correcting higher for two weeks. They print an expanding structure at the last wave of the flat corrective structure. Wave (5) of (c) is developing with five sub-waves. The last leg is in progress. It can be truncated and prices proceed lower or be extended and prices bounce higher toward the pivot resistance at 1.0750 to complete the corrective structure. Supports are located at 1.0675 and 1.0630.
