Today after the Euro EUR Consumer Price Index CPI news announcement, the Euro and Swiss Franc CHF both strengthened. The Euro CPI is the change in the price of goods and services purchased by consumers, it came in at 0.8% actual versus 0.7% forecast.
The JPY Japanese Yen was also weak, so the CHF/JPY and EUR/JPY moved much higher after the news. These movements were strong were on these pairs, but these were short term intra-day movements or daytrades on these two pairs. The EUR strength also caused the EUR/AUD to break out of resistance to the upside, and this pair is now trending up on the D1 time frame. You can verify this with multiple time frame analysis.
We will continue to issue a written forex trading plan on the EUR/AUD and monitor this new uptrend as it continues higher. The EUR strength and JPY weakness you see below is on The Forex Heatmap®, which gives live trading signals for 28 pairs. It works well to provide trade entries after news drivers like consumer price index, or any other major news drivers.
Euro EUR Consumer Price Index CPI News