EUR/USD Current Dynamics and Recommendations
Our preference: as long as 1.6303 is support look for 1.6453.
Alternative scenario: below 1.6303, expect 1.6248 and 1.6215
EUR / USD failed to develop an upward correction above the resistance level of 1.1310 (ЕМА144 on the daily chart).
On Wednesday, EUR / USD resumed its decline after the publication at the beginning of the American session of positive
macro statistics from the United States, indicating a modest, but still rising inflation in the United States.
As the US Department of Labor reported on Wednesday,
consumer prices in May increased compared to April, but less significantly than expected (in annual terms,
+1.8% against the forecast of +1.9% and +2.0% in April). The base consumer price index,
which does not take into account food and energy, rose by 2% compared with May 2018, compared with the expected growth of 2.1%.