Looking at EURUSD’s chart, we can see that the USD has regained momentum after the CPI’s announcement, and the FX pair has sharply decreased from around 1.0185 to below 1.

Pixabay

Today, if it will manage to hold the rate above its support level which is located at around 0.9950-0.9960, then we could see it react with an upward direction to test breaking its resistance level at about 1, otherwise, it should further fall towards the rate of 0.99. 

More By This Author:

General Mills: Expected To Hold Above The Level Of $74.50
USDJPY: Can Be Seen Retesting Its Resistance Level At Around 145
EURUSD: Expected To Rise Towards The Level Of Approximately 1.0250