It looks like the pattern of EURUSD has changed.
So far, the daily upward wave is continuing.
But soon the daily uptrend will stop and the support line will break. For the weekly demand zone to continue rising, a pattern that propagates as a weekly rising wave must emerge.
To do so, the market needs to check the CPI data for November. If the CPI data for November falls, a weekly upward wave will begin in the weekly demand zone, and if it rises, a downward wave of monthly correction will begin.
So far, the daily upward wave is continuing.
But soon the daily uptrend will stop and the support line will break. For the weekly demand zone to continue rising, a pattern that propagates as a weekly rising wave must emerge.
To do so, the market needs to check the CPI data for November. If the CPI data for November falls, a weekly upward wave will begin in the weekly demand zone, and if it rises, a downward wave of monthly correction will begin.