EUR/USD + Aspen S/R's = Uncanny Trading OpportunitiesAug 07, 2023
Ahead of The August 10th CPI Report, any S/R clients looking at EUR/USD knew that 1.1062 was a significant overhead resistance level. The level had been there for weeks....not an unknown level or rear-view mirror analysis. Prices immediately rallied +50 pips and stopped dead at 1.1062. Below is what I posted to clients just just after the CPI released:
The CPI report is offering up the first tradeable opportunity in FX. EUR/USD into 1.1062 stopped prices dead in their tracks.
Selling into that was one option; how prices react from here will be the next opportunity for traders.
If you had these levels on your charts already (nudge nudge!) - you'd already know about this and likely have reacted!