Overall, EUR/USD is ranging across.
The eurozone CPI flash estimate y/y data released yesterday indicated continued strong rise in annual inflation, likely prompting the European Central Bank to consider an interest rate hike in 2022.
- CPI Flash Estimate y/y (Actual: 5.8%, Forecast: 5.6%, Previous: 5.1%)
- Core CPI Flash Estimate y/y (Actual: 2.7%, Forecast: 2.6%, Previous: 2.3%)
The eurozone Unemployment Rate data (Forecast: 6.9%, Previous: 7.0%) will be released later at 1800 (GMT+8).
The European Central Bank will be releasing the minutes for the most recent monetary policy meeting later at 2030 (GMT+8).
Currently, EUR/USD is testing to break below the key level of 1.11. Its next support zone is at 1.11000 and the next resistance zone is at 1.12000.
Look for short-term selling opportunities of EUR/USD if it breaks below the key level of 1.11.
The eurozone CPI flash estimate y/y data released yesterday indicated continued strong rise in annual inflation, likely prompting the European Central Bank to consider an interest rate hike in 2022.
- CPI Flash Estimate y/y (Actual: 5.8%, Forecast: 5.6%, Previous: 5.1%)
- Core CPI Flash Estimate y/y (Actual: 2.7%, Forecast: 2.6%, Previous: 2.3%)
The eurozone Unemployment Rate data (Forecast: 6.9%, Previous: 7.0%) will be released later at 1800 (GMT+8).
The European Central Bank will be releasing the minutes for the most recent monetary policy meeting later at 2030 (GMT+8).
Currently, EUR/USD is testing to break below the key level of 1.11. Its next support zone is at 1.11000 and the next resistance zone is at 1.12000.
Look for short-term selling opportunities of EUR/USD if it breaks below the key level of 1.11.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.