FX.co ★ EUR/USD analysis for April 13 2021 - Balancing regime on EUR with potential for the breakout

US March CPI +2.6% y/y vs +2.5% expected

March US inflation dataPrior was +1.7%Ex food and energy +1.6% vs +1.5% expectedPrior ex food and energy +1.3%CPI +0.6% m/m vs +0.5% expectedPrior m/m reading was +0.4%CPI ex-food and energy +0.3% m/m vs +0.2% expectedWage data:Real avg hourly earnings +1.5% vs +3.4% y/y priorReal avg weekly earnings +3.9% vs +4.1% y/y prior

Further Development

Analyzing the current trading chart of EUR , I found that EUR is balancing regime and that there is potential for the breakout mode.Watch for buying above 1.1925 with the targets at 1.1945 and 1.1986Watch for selling below 1.1860 with the downside target at 1.1820