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FX.co ★ Evening review of EUR/USD on February 8. US data fails to support USD

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Forex Analysis:::2021-02-10T13:46:25

Evening review of EUR/USD on February 8. US data fails to support USD

Evening review of EUR/USD on February 8. US data fails to support USD

EUR/USD, H4

The US published its final inflation data (CPI)

In the US, inflation of consumer prices advanced by 0.3%. A core indicator, excluding food and petrol prices, totals 0%.

The figures turned out to be below the forecast.

The US inflation is showing no signs of revival. The euro goes on rising.

A strong support for the euro is located at 1.2090. Buy from this level.

Buy positions could be opened from 1.2060 with the stop at 1.2010.

Analyst InstaForex
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