EURUSD

The EURUSD pair, which found buyers under the pressure created by the US inflation data announced mid-week and below expectations, has rebounded from the support level of 1.15093, turning the short-term outlook positive. The fact that prices are currently trading above the main pivot level at 1.15697 confirms the strength of buyers, while breaking the first resistance at 1.16601 is crucial for the continuation of the upward trend. If this level is surpassed, the 1.17205 level will become the next target. Markets are focused on the German CPI data to be announced today, which could impact the direction of the pair.