EUR/USD: Euro to lose interest on soft EU inflation data EURUSD CPI Eurozone
Consumer Price Index
“In order to extend its recovery, EUR/USD needs to overcome 1.1300, where the Fibonacci 50% retracement of the two-week-long downtrend is located. Above that level, the 200-period and the 100-period SMAs on the four-hour chart form stiff resistance at 1.1320 before the pair could target 1.1340 .” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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