EURUSD

Yesterday, the CPI data from the Eurozone was released in line with expectations, and a calm trend was observed in the exchange rate. EURUSD is currently moving around the pivot level of 1.12330. This week, all eyes will be on the PMI and Unemployment Claims data from the US on Thursday and the GDP figures from Germany to be announced on Friday. A negative GDP data from Germany and/or strengthening US data could push the exchange rate to the resistance levels of 1.12995 and then 1.13489. Conversely, support levels of 1.11836 and 1.11171 could come into play.