Overall, EUR/USD is trending downwards.
The eurozone CPI flash estimate y/y data released yesterday indicated an increase in inflation in March. Without factoring in energy prices, inflation declined slightly.
As it is Good Friday tomorrow, expect lower trading volatility and volume during the usual European market hours.
Currently, EUR/USD is moving towards the key level of 1.17. Its next support zone is at 1.16300 and the next resistance zone is at 1.17900.
Look for selling opportunities of EUR/USD.
The eurozone CPI flash estimate y/y data released yesterday indicated an increase in inflation in March. Without factoring in energy prices, inflation declined slightly.
- CPI Flash Estimate y/y (Actual: 1.3%, Forecast: 1.4%, Previous: 0.9%)
- Core CPI Flash Estimate y/y (Actual: 0.9%, Forecast: 1.1%, Previous: 1.1%)
As it is Good Friday tomorrow, expect lower trading volatility and volume during the usual European market hours.
Currently, EUR/USD is moving towards the key level of 1.17. Its next support zone is at 1.16300 and the next resistance zone is at 1.17900.
Look for selling opportunities of EUR/USD.