EUR/USD undecided in the short term ahead of key European inflation data

The trend towards The short-term outlook for the EUR/USD pair remains uncertain this Friday morning, after a neutral day on Thursday, which was nonetheless strong. driven by several important American indicators.

In particular, the price indices at import and export Export growth fell short of expectations, while weekly unemployment claims exceeded expectations. consensus, which temporarily weakened the dollar.

However, the greenback's gains were quickly reversed. canceled, as forex traders appeared to be cancelling. not wanting to get too involved before the key European inflation data expected this Friday.

The consensus provides for an annual CPI at 2.9% for the euro zone, a clear decline compared to; 4.3% the previous month. The annual Core CPI should on the other hand fall less, expected at 4.2% after 4.5% previously.

>> Consult in real time the result of important statistics for the Euro Dollar as soon as they are published on the economic calendar

In the United States, it is mainly construction starts and building permits that are likely to influence trade on the EUR/USD pair.

Technical thresholds at to watch on EUR/USD

From a graphical point of view, we note that the general trend of the Euro Dollar in daily data remains bullish.

À the decline, 1.0830 is an immediate resistance, before the zone of 1.0789-1.0803, formed by the 100 and 200 day moving averages.

In case of continuation of the rise, the threshold EUR/USD undecided in the short term ahead of key European inflation data  

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