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EURUSD is testing 1.2070 resistance, while the market keeps its negative movement. U.S. interest rates rise again. There is a fatigue in the parity due to its effect and its previous resistance. Although the option market is positioned in favor of the euro in the short term, horizontal movement is maintained for 3 months. Parity is also showing a recent spike in interest rates. Technically, the inability to exceed 1.2070 could bring about a summit formation
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I Will Be Following Inflation Data In The UK!For the month of November will be followed by inflation data in the UK today. On a monthly basis, consumer prices Index(CPI) was expected to increase at a rate of 0.2 percent, with expectations for the year at the level of 3.0 per cent. The Producer Price Index(ppi) for input on an annual basis at 1.5 percent on a monthly basis and 6.8% of the data predicted expectations, PPI for output-month 0.2 percent annual percentage 3.0% of predictions. By the U…