What the Euro Dollar Recovery Means for U.S. CPI Week

Euro dollar technical analysis across four time frames, where the recovery is holding and the level that would break the trend. Michael Boutros, StoneX Media Senior Market Analyst, walks through the euro dollar chart structure from the monthly down to the four hour time frame. The euro has posted a run of higher weekly closes and reclaimed its 52 week moving average, while the daily chart is still working on the 200 day moving average overhead. A European Central Bank rate decision lands first, followed by United States producer price and consumer price inflation data, the last major inputs before the Federal Reserve rate decision. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 00:00 - Euro Rebound Off Big Support 00:44 - Weekly Momentum Turns Higher 01:07 - Daily Chart Meets 200-Day 02:14 - Where the Uptrend Would Break 03:02 - ECB Decision and U.S. CPI 04:10 - Inflation Data Steers Dollar Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit https://www.stonex.com/en-gb/news-and-analysis/?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros for trading news and analysis. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros *CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk. #EURUSD #Forex #StoneX #MichaelBoutros