EURUSD

Today, the Eurozone annual CPI data will be followed by core retail sales, general retail sales, unemployment claims, and the Philadelphia Fed Manufacturing Index from the U.S. The expectation of 2.0% CPI in the Eurozone and the data from the U.S. signaling economic activity and employment could be decisive for the currency pair. Technically, the pivot level of 1.16388 should be referenced. Resistance levels above are 1.17246 - 1.18068 - 1.18908, while support levels below are 1.15566 - 1.14707 - 1.13867. The direction is expected to clarify after the critical data is released.