EURUSD

Next week, significant inflation data from the US and the Eurozone will stand out in the EURUSD exchange rate. Supports at 1.16865 and below may break if the CPI data is released above expectations. A surprise upward movement in inflation in the US would support movement in favor of the USD and could increase downward pressure on EURUSD. In this case, a pullback towards the support areas of 1.16384 and 1.16144 may occur. On Thursday, Eurozone inflation is expected to remain stable. However, potential positive results from retail sales and employment data in the US could limit upward attempts. A daily close above 1.17085 should target 1.17345 and 1.17585 resistances in the short term.