EUR/USD leaps above 1.1900 on US CPI
- The pair clinches fresh daily highs above the 1.1900 handle.
- The greenback finds support in the 92.80 area tracked by DXY.
- US CPI rose 0.2% MoM. Core prices rose 0.1%, 2.1% YoY.
EUR/USD higher on downbeat CPI
The pair aimed higher on Thursday after US inflation figures came in on the soft side, showing headline consumer prices rose at an annualized 2.5% and 0.2% inter-month.
EUR/USD higher on downbeat CPI
The pair aimed higher on Thursday after US inflation figures came in on the soft side, showing headline consumer prices rose at an annualized 2.5% and 0.2% inter-month.
In addition, consumer prices stripping Food and Energy costs rose 0.1% MoM and 2.1% on a year to April.
Further data releases saw weekly Initial Claims at 211K, taking the 4-Week Average to 216.0K from 221.5K.
The pair keeps the positive ground so far, trading in the area of 2-day tops above 1.1900 the figure as the sentiment around the greenback keeps deflating in response to disappointing US CPI figures.
EUR/USD levels to watch
At the moment, the pair is up 0.55% at 1.1915 facing the next hurdle at 1.1959 (10-day sma) seconded 1.2018 (200-day sma) and finally 1.2153 (low Mar.1). On the other hand, a break below 1.1823 (2018 low May 8) would open the door to 1.1768 (78.6% Fibo of November-February up move) and finally 1.1718 (monthly low Dec.12 2017).