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As long as the 0.7300 - 0.7400 support zone holds, the probability of another push higher remains favorable. A decisive breakout above 0.7575 could open the door for the next impulsive move.
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🚨 Gentle Reminder: US CPI inflation data is coming out today at 8:30 AM EST.
📊 Previous: 4.2% 🎯 Forecast: 3.9%
If inflation comes in higher than expected, expect volatility to spike. Stocks ( $SPCX ) and crypto ( $BTC ) could see a sharp sell off as traders price in the possibility of higher interest rates for longer.
Elon Musk’s net worth dipped below $900 billion on Monday as shares in his SpaceX ( $SPCX ) slid toward their initial public offering price, even as analysts remain overwhelmingly bullish on the rocket maker.