Market Assessment - Forex Trading - EURUSD

We have another HUGE report due out today at 13:30 GMT+1, the USD Consumer Price Index (YoY) (APR). This report is of mega importance and will affect ALL Markets. There is a high probability of ALL Markets trending sideways prior to the report at 13:30 GMT+1. The USD Advance Retail Sales (APR) will also be announced at the same time.

Look at the EURUSD 5min Chart, the Market is currently trending sideways. I have not placed any pending orders. Will reassess just before the reports at 13:30.


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