US data was more positive than expected. US CPI has reached 0,3% growth as it was expected. US Core CPI reached 0,3% growth, which was higher than expected.
Retail Sales wen upwards as well. Core Retail Sales has reached 1,0% growth. Philly Fed Manufacturing Index has reached 16,8, which was higher than 10,1, forecasted by the experts.
The currency pair is able to grow regardless the fundamental pressure. EUR/USD is likely to have a correction as there is a pattern on the chart. This model will be rejected if the price will break down its low.