FX.co ★ EURUSD: U.S. inflation report pushes the euro and the U.S. market higher

EURUSD

The CPI inflation report for the month came out.

Composite inflation slowed sharply +0.1% with a forecast of +0.3%.

Core inflation is also well below the forecast of +0.2% with a forecast of +0.4%.

The news is very positive for the U.S. market ahead of the Federal Reserve's rate decision on Wednesday, December 14.

The U.S. market went up and so did the euro.

What to do?

I still think that you can open short positions using the euro's growth.

You can open the first shorts at the current highs of the day - conservatively you can wait till 16:00 - 18:00 London time and then sell.

In case it rises to 1.0700, increase the volume of shorts and again to 1.0780.

Limit the risks on your account to a maximum of 2% of the account size per transaction.