EUR/USD: Weekly Gain/Loss: +0.33% Weekly Close: 1.1557 Demand zone at 1.1530-1.1550 hold the price today and push the price back to 1.1570 (daily high). Today we are looking for a long opportunity with price test of resistance at 1.1620. Today’s data points: US retail sales m/m; US Treasury currency report.
Broad-based USD selling, lower-than-expected US CPI figures along with US President Trump, once again, expressing disapproval over the Fed’s action, witnessed the EUR/USD rise to highs of 1.1599 on Thursday. We expect that today price will hit again 1.1540.