Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
The euro has risen above the 100-day MA on the comments by Mario Draghi
Information is not investment advice
During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. The euro jumped higher on his comments, targeting the next resistance at 1.1321. If his further comments are more dovish, EUR/USD will fall back below the 1.1253 level to the support at 1.1214.
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