EUR/USD Weekly Review, October 14-18, 2019
14 October 2019
The currency pair developed its growth last week supported by weak US data. EUR/USD has almost reached 1,1068 resistance area.
US CPI data has demonstrated 0 growth for the reported period. Core US CPI has reached 0,1%. It is important to mention that this indicator is the key factor for the US monetary policy.
The currency pair is able (both Technically and Fundamentally) to develop its growth and to test the resistance at 1,1068. EUR/USD stays above the descending trend line, which says the downtrend is likely to over. It is recommended to pay attention to candlestick signals close to 1,1068 level.
