FXStreet — The weaker sentiment towards the Greenback allowed the EUR/USD in the direction of 1,1200 to the new day to rise.
EUR/USD is now waiting for the Euro zones CPI
The Couple benefits from the fact that the initial USD strength is lost, and the U.S. Dollar Index pulls back from 97,40 days.
The area around 1,1200 is now back on the Radar, before the inflation data of the Eurozone for the month of April. The expectations of a positive Surprise yesterday, were reduced, since the CPI in Germany was lower than expected and this supports the view of the ECB that inflationary pressure remains.
Add to that the capital flows to the end of the month, which is the play in today’s course development in addition to the events around Greece a role.
• EUR/USD analysis: the bulls entered the field of play
EUR/USD significant levels
Currently, the daily gain of 0.06% at 1,1193 and the next Resistances is at 1,1207 (High 30. May), 1,1235 (High-26. May) and 1,1250 (High-25. May). On the other hand, supports are located at 1,1108 (Deep 30. May), 1,1073 (76,4 % Fibo of 1,1300-1,0339) and 1,1077 (20-day SMA).
** FXStreet News Editorial, FXStreet**