EURUSD

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EURUSD

After the CPI data announced in the US yesterday, the market today focused on the US PPI (Producer Price Index) and Eurozone Industrial Production data. Differences in inflation and growth figures could shape the short-term movement of the parity. If stronger-than-expected results come from the US data, a strengthening of the dollar can be observed.
Technical Levels:
1.19505 - 1.18486 - 1.16944 - 1.15431 - 1.14907 - 1.13394 - 1.12375

In case of closing above the 1.16944 level, rises towards the resistance levels of 1.18486 and 1.19505 can be observed.
Support levels of 1.14907 - 1.13394 should be monitored below 1.15431.