EUR/USD Weekly Review, October 14-18, 2019

FX_IDC:EURUSD   Euro / U.S. Dollar
The currency pair developed its growth last week supported by weak US data. EUR/USD has almost reached 1,1068 resistance area .
US CPI data has demonstrated 0 growth for the reported period. Core US CPI has reached 0,1%. It is important to mention that this indicator is the key factor for the US monetary policy .
The currency pair is able (both Technically and Fundamentally) to develop its growth and to test the resistance at 1,1068. EUR/USD stays above the descending trend line , which says the downtrend is likely to over. It is recommended to pay attention to candlestick signals close to 1,1068 level.


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