US Dollar broadly supported on Friday the data showing that U.S. core inflation rose at the fastest rate in four years in January highlighting the expectations for further interest rates hikes by the Fed this year
EURUSD open at 1.1125 at the Asian session
and slide after the some disappointing data released on Monday, hit the low of 1.1000,
the key level of past two months. The pair likely find key support level after the
breaking resistance which was held several times over the past two months while
making Higher Low in the price and Lower Low in Stochastic which is further
confirming the bullish stance and also 0.618 fib retracement level at 1.1000.
By: Mohammad Thanish
