forex

Following the Consumer Price Index release from the United States, EUR/USD pair fell back to $1.09 level, halting the dollar fall since Federal Open market Committee statement from previous week. Inflation data showed no plunge as expected, only unchanged price on yearly basis, boosting the dollar against the euro and leaving the tested $1.10 level. Now we can see next support, mentioned in previous article, at $1.0768 if dollar breaks through the $1.0900 level. Another could be seen at $1.06562, while resistance at $$1.10259 or later at $1.11958.