The US Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) in the US increased to 3.2% year-over-year in February from 3.1% in January. The Core CPI, which excludes volatile food and energy prices, rose 3.8% year-over-year, slightly below January's 3.9% but above market expectations of 3.7%. Both the CPI and Core CPI also rose by 0.4% on a monthly basis.
EUR/USD: euro supported by SSB
2019-11-11 • Updated
Technical levels: support – 1.1830; resistance – 1.1900.
Trade recommendations:
- Buy — 1.1850; SL — 1.1830; TP1 — 1.1900; TP2 – 1.1930
Reason: narrow bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are corrected to SSB and supported on 1.1830.
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Fundamental analysis and technical analysis of EURUSD, ERGBP and EURCAD
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