EURUSD chart analysis
Yesterday's US CPI report gave EURUSD a good shake-up. In the first part of the day, the euro fell to 0.96300 levels; after the news, the pair EURUSD rose to 0.98000. In the second part of the day, we saw consolidation around that level, which continued during the Asian trading session. In the European session, we saw a new weakening of the European currency, and the pair retreated to the 0.97500 level. For the bearish option, we need a continuation of this negative consolidation, and the pair would again find itself in the zone around the 0.97000 support level. Potential lower targets are 0.96500 and 0.96000 levels. We need a new positive consolidation and a euro return to the 0.98000 resistance level for a bullish option. After that, we need a break above and a new bullish impulse. After that, potential targets are the 0.98500 level and 0.99000 level on the upper trend line. #OPINIONLEADER#
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