EURUSD

The inflation data to be announced in the U.S. today (Core CPI, monthly and annual CPI) will be decisive for the direction of the parity. CPI data that comes in above expectations could increase demand for the dollar and create downward pressure on EURUSD. The retail sales data to be released over the weekend may affect risk appetite. The CPI data coming from Germany in the middle of the week could create volatility on the Euro side.
Technical Levels:
1.19505 - 1.18486 - 1.16944 - 1.15431 - 1.14907 - 1.13394 - 1.12375

In the case of closings above 1.16944, the resistance levels at 1.18486 and 1.19505 could become prominent. In possible pullbacks, support levels at 1.15431 and below 1.14907 – 1.13394 should be monitored.