© Reuters. The Euro fall as a result of the CPI-US
Investing.com – The pair EUR/USD drop following the IPC US for the month of December, only statistics important in the economic calendar of the day.
The inflation in US is thus increased to 1.9% in annual data, as in the first estimate. The CPI core annual proved, unsurprisingly, to 2.2%.
These figures are consistent with the forecasts supporting the Dollar, and maintain a downward pressure in the short term on EUR/USD, with a test of the psychological threshold key 1.15 regained it recently.
In the case of continued decline, a number of thresholds close to current levels could play a support role :
- The psychological threshold of 1.15
- The moving average 100 hours at 1.1490
- The upward trend line visible since 3 January now to 1.1495
- The low of yesterday at 1.1484
- The moving average 100 days to 1.1482
If all of these thresholds yield under the downward pressure, the profile of the EUR/USD pair will begin to signal a bearish reversal, and the attention of traders could turn to the next support at 1.1450, 1.1433 (moving average 200 hours), 1.1420, 1.14 and 1.1350.
Find news and analysis Investing.com France on Facebook-Investingcomfrance, Twitter-InvestingFrance and Telegram-Investingfr.