- EUR/USD testing resistance level
- U.S. CPI m/m
Price Movement
Since yesterday, EUR/USD moved up by around 40pips.
Trend
EUR/USD is trending downwards.
Macro Background
The U.S. CPI m/m data measures the change in the price of goods and services purchased by consumers.
It is scheduled for release tonight at 2130 (SGT).
It is expected to perform better than previous month and if the data released is better than or as expected, we may see the U.S. dollar strengthening and EUR/USD will be going down.
Important Issue
None.
Technical
EUR/USD is currently testing the resistance level of 1.13256.
Price Levels
Current Price: 1.13273
Next Resistance: 1.13256
Next Support: 1.12294