Overall, EUR/USD is ranging across. Recently, EUR/USD is trending upwards. The eurozone final CPI y/y data released last Friday was as forecasted. Euro strengthened slightly as a result.
Final CPI y/y (Actual: 0.7%, Forecast: 0.7%, Previous: 0.7%)
Final Core CPI y/y (Actual: 1.1%, Forecast: 1.1%, Previous: 1.1%)
EUR/USD’s next support level is at 1.09000 and the next resistance level is at 1.11500. Look for buying opportunities of EUR/USD.