© Reuters. The EUR/USD enjoys ela disappointment of the CPI-US
Investing.com – The EUR/USD pair remains strong on this Friday afternoon, taking advantage of a drop in the Dollar following the CPI-US for the month of April, disappointing.
Inflation US has reached to 0.3%, against 0.4% expected, which will no doubt help to advance the rate expectations of US.
The tensions between China and the United States does not seem to affect the pair EUR/USD, magré a new climbing with new tweets from Trump, after it has set to run last night at midnight his threat to increase tariffs from 10% to 25% on 200 Bn USD of chinese exports.
It will be recalled that after several days of hesitation, the pair EUR/USD had posted a bond to unexpectedly yesterday evening, pointing in the area of 1,1250, before stabilising below this level.
We will monitor this threshold in the framework of the new attempt to increase this afternoon. In the case of breakage, another potential resistance is located at 1,1265, before the psychological threshold of 1.13.
For the reduction, the area of the psychological threshold of 1.12, where are currently moving averages 100 and 200 hours, will be the first support to be taken into account, before 1,1180, 1,1150, 1,1135 and 1.11.