EURUSD

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EURUSD

Yesterday, the retail sales and core indicators announced in the US showed an increase above expectations. The Philadelphia Fed Manufacturing Index surprisingly turned out to be net positive, while a slight decrease was observed in unemployment claims. It was noted that the Eurozone CPI did not deviate from the target at 2.0%. We are observing that the strength of the US data supports the dollar, while the pair is trying to hold above the 1.15964 pivot level. Resistance levels above are 1.16374, 1.16813, and 1.17247; support levels below are 1.15519, 1.15109, and 1.14682. With the recovering data in the US, the upward movement is currently limited.

Support :

1.15519 - 1.15109 - 1.14682

Resistance :

1.16813 - 1.16374 - 1.15964