EURUSD

The Consumer Price Index (CPI) data announced in the US yesterday, which was close to expectations and indicated a slight annual increase, partially increased the pressure on the exchange rate. Today, all eyes will be on the US Producer Price Index (PPI) data. A possible increase in producer prices could lead the Fed to remain cautious about inflation and help the dollar maintain its strength. In the exchange rate, support levels are tracked at 1.14015 – 1.14457 – 1.15098; the pivot is at 1.16181; and resistance levels are at 1.16529 – 1.17264 – 1.17806. The short-term direction will be determined based on the upcoming PPI data from the US, and while downside risks are maintained, staying above 1.16181 is important for recovery.