the eur / usd pair maintains its new range of 1.1775 and 1.1825 until the friday close.
eur / usd moved in a narrow range between 1.1750 and 1.1775, the upper limit of the previous range, before the publication of the index event.
the numbers of event inflation have slightly disappointed with the cpi by 0.1% m / m to 0.2% and 0.0% for previously. on an annual basis, the cpi has missed the consensus to 1.7% compared with 1.8% 1.6%, after previously.
the cpi core remained unchanged at 0.1% (m / m), and 1.7% y / y. the consensus expected a rebound in 0.2% m / m.
this has weighed on the dollar in forex, and eur / usd over the strength of the 1.1775, peak intraday to 1.1834 before falling back.
however, the downturn that followed found support in the event of 1.1775 old resistance.
a consolidation of 1.1775 and 1.1825 therefore seems to be taking shape by the end of week event. however, the volatility can take if we are to get out of this range.
in fact, a break above the 1.1825 could strengthen the rise and return to the 1.1850 and recent summits in the area of 1.1890 / 1.1909.
on the other hand, if eur / usd fell below 1.1775, the decline could be revived in the direction of the 1.1720 1.1750 and area.
so that means immediately became more bullish on the 1.1775, breakage of 1.1825 is possible and necessary to seek new recent high.
the eur / usd pair 1.1797 is currently on the forex.
the eur / usd graph h1
see also our.