U.S Inflation Data Flat In Nov, Sideways Market !

The U.S consumer price index fell 0.0%, from 0.2% in the previous month, the indicator was expected to fall to 0.0% in the last month…

Core consumer price index remained the same as the previous month as well as  forecast at 0.2%…

(Year-Over-Year) CPI rose 0.5%, from 0.2% in the previous month, passing forecast of 0.4% in the last month…

Market impact: This development is likely to bring a sideways market, any for U.S dollar index should be limited by resistance levels….

EURUSD: According to the 1-hour chart, the pair is testing critical support levels at the 1.0969 levels, a rejection from this level, could mean a return to the 1.1009 levels, further upside, resistance comes at the 1.1050 levels…

On the downside, an hourly closing below the 1.0969 levels may expose the 1.0950 levels and open the 1.0930 levels….

EURUSD 1 hour

MARKET DATA

UPCOMING ECONOMIC EVENTS