No change to the initial estimates and this reaffirms that core inflation in the euro area keeps at a record low towards the end of 2020.
Analyzing the current trading chart of EUR/USD, I found that EUR tested my yesterday's upside target at 1,2155 but it rejected today.
Stochastic is in overbought zone and we got the fresh bear cross, which is sign that there is potential for downside movement first.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got VIX and Live Cattle today and on the bottom Natural Gas nad Soybean Meal.
Resistance: 1,2160 and 1,2220
Support level: 1,2055
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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