the eur / usd pair potential in a phase of consolidation in the forex before the closing week of tonight.
following the release of disappointing us cpi to get 1.1825 resistance.
the pair then failed on this level, before falling in the direction of the medium to test the 1.1775 after breaking as resistance.
for the time being the medium, and the eur / usd back again on the rise.
at this stage, this event is the consolidation of 1.1775 scenario and 1.1825, after the pair failed to break above the resistance, which appears to be in the form of weekly closing 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.
the eur / usd pair 1.1792 is currently on the forex.
the eur / usd graph h1
see also our.