EUR/USD reached a new peak of 1.1286 1.1295, above the previous high of 1.1284. The next level is very close: 1.13, the high seen on election night in the US. Above 1.13, we will already be at levels seen only in September 2016 – a 9-month high. The resistance levels to watch are 1.1360 which was a cap for the pair back in August and 1.1420, a level that was a swing high back in June 2016. Support awaits at 1.12 and 1.1160. The reason for the jump is fully related to the US dollar and easy to point out. Fresh data released in America shows inflation sliding: headline CPI is at 1.9% and more importantly, Core CPI is at 1.7%. This implies that the Fed’ favourite measure is on course to 1.3% in May after dropping to 1.5% in April. On this background, there is some speculation about the Fed NOT raising rates later today. Janet Yellen and her colleagues do not like to surprise markets, but the data is really bad. In case the Fed does NOT raise rates, the greenback could extend its crash. Here is the euro/dollar daily chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next FOMC reaction: Another Hike In September Before Balance Sheet Yohay Elam 6 years EUR/USD reached a new peak of 1.1286 1.1295, above the previous high of 1.1284. The next level is very close: 1.13, the high seen on election night in the US. Above 1.13, we will already be at levels seen only in September 2016 - a 9-month high. The resistance levels to watch are 1.1360 which was a cap for the pair back in August and 1.1420, a level that was a swing high back in June 2016. Support awaits at 1.12 and 1.1160. The reason for the jump is fully related to the US dollar and easy to point out.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
