The EURUSD pair pulled back from the 1.1285 main resistance level after stronger-than-expected U.S. inflation data. We will focus on US Producer Price Index today.
The EURUSD moved back up in the Asian Trade Session. In order for the upward movement to gain more momentum, it needs to break out and stay above 1.1285 on a four hourly basis. In this case, we will follow the daily next resistance level at 1.1355. In contrast, the daily support level will be at 1.1219.
Support : 1.1219 - 1.1103 - 1.0980
Resistance : 1.1285 - 1.1355 - 1.1450
12 Jul 19 (Fri)
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