Because of the hammer pattern, the EURUSD pair will likely continue rising as bulls target the key resistance level at 1.0480.
Enter your emailBecause of the hammer pattern, the pair will likely continue rising as bulls target the key resistance level at 1.0480.Timeline: 1-2 days.volatility rose after last Friday’s strong Eurozone consumer inflation data.
The headline consumer inflation data surge to 8.6% in June from 8.1% in May of this year. This increase was higher than the median estimate of 8.5%. Countries like France, Italy, and Spain published record inflation numbers during the week. At the same time, inflation in Germany declined slightly due to fuel tax cuts and public transport discounts, which are temporary.
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