EUR/USD: significant increase due to the CPI US disappointing

© O Financista. EUR/USD, Euro-Dollar rose against CPI-US

EUR/USD back above 1.19 after the disappointing figures of the CPI of the us.

The monthly CPI general, in fact, shown to 0.2%, against 0.3% expected and -0.1% previously, while the CPI Core, monthly came in at 0.1% versus 0.2% expected and previously.

In annual data, the CPI-US for the month of April was also the consensus at 2.5%, but the CPI Core annual was disappointing, to 2.1% from 2.2% previously and 2.1% previously.

On the Forex, these figures have therefore affected the Dollar, allowing the pair EUR/USD to continue a rebound, initiated a little before mid-day. The Euro has marked a top at 1.1924 against the Dollar for the moment, compared to 1.1855 about in the beginning of the european session.

From a graphical point of view, it can be noted that the EUR/USD had already sent a bullish signal as of this morning, breaking above a trend line to the downside of short-term visible from the summit of 7 may, and above the moving average 100 hours.

The current test of 1.19 and the moving average 200 hours to 1.1917 are new positive signals.

In case of further increase, the area of 1.1950 for it to be considered as a resistance before the psychological threshold of 1.20, and 1.2030. Has the downside, a return below 1.1850 seems to be necessary for the Euro to Dollar find a profile more bearish short-term technical point of view.

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