in the eurozone remains below the target level. In October, the indicator gained only 0.1%.
The US economy, on the contrary, tends to grow, thus, most analysts suggest that the Fed will raise its interest rates at the upcoming meeting. This decision will negatively affect the single currency.
Support and resistance
Support level: 1.0550.
Resistance level: 1.0614.
Short positions can be opened after the breakdown of the level of 1.0600 with the target at 1.0550 and stop-loss at 1.06270.