EURUSD

The Euro/Dollar exchange rate continues its upward trend in the 1.16415 - 1.15960 range, while today's local and U.S. data are of critical importance. The Eurozone CPI, to be announced at 12:00 (expectation: 2.1%; previous: 2.0%), will provide clues about the inflation trend. At 16:45, the U.S. Manufacturing PMI (expectation: 53.3; previous: 49.8) and at 17:00, the ISM Manufacturing PMI (expectation: 49.0; previous: 48.0) will be decisive for the Dollar. President Trump's speech at 21:00 could also be an additional source of volatility. Strong U.S. data could test the 1.15200 support, while weak data could break the 1.18510 resistance. The level of 1.14592 can be monitored as a long-term support.