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10.02.2021 03:46 PM
Evening review of EUR/USD on February 8. US data fails to support USD

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EUR/USD, H4

The US published its final inflation data (CPI)

In the US, inflation of consumer prices advanced by 0.3%. A core indicator, excluding food and petrol prices, totals 0%.

The figures turned out to be below the forecast.

The US inflation is showing no signs of revival. The euro goes on rising.

A strong support for the euro is located at 1.2090. Buy from this level.

Buy positions could be opened from 1.2060 with the stop at 1.2010.

Jozef Kovach,
Analytical expert of InstaForex
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