U.S Inflation data missed expectation last friday. U.S. Consumer Price (YoY) was expeted in at 2.3% and released at an actual 2.2%. After Soft Inflation data, the EURUSD pair jumped dramatically and closed last week above the 1.0920 support level. In the event that upward movement continues, we will face 1.0980 as resistance level. Moreover, If the price goes beyond 1.0980 and sustains on a daily basis above that level, we think the bullish action may accelerate. Otherwise, we will follow again support levels at 1.0920 and 1.0885.
15 May 17 (Mon)
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