At the moment we are seeing that the currencies are balanced and the existence of clear and working levels of resistance.
The dollar index sank during the previous day and now stands at the mark of 94.14, having dropped more than .50 points since yesterday.
The consumer price index released yesterday in the EU was expected to be at the level of 2% and supported the single currency.
On the chart we observe that the pair is in a corridor and is clamped between the levels of 1.1715 and 1.1550. Therefore, we advise you to trade within this range and take positions in accordance with these levels.
