Market news:
The U.S. unadjusted CPI annual rate unexpectedly dropped to 2.3% in April, the lowest since February 2021.
Technical analysis:
Today's buying and selling boundaries:
1.1154
Support and resistance levels:
1.1261
1.1221
1.1195
1.1113
1.1087
1.1047
Trading strategy:
If the price breaks through 1.1195, consider buying, the first target price is 1.1221
If the price breaks through 1.1154, consider selling, the first target price is 1.1113
The U.S. unadjusted CPI annual rate unexpectedly dropped to 2.3% in April, the lowest since February 2021.
Technical analysis:
Today's buying and selling boundaries:
1.1154
Support and resistance levels:
1.1261
1.1221
1.1195
1.1113
1.1087
1.1047
Trading strategy:
If the price breaks through 1.1195, consider buying, the first target price is 1.1221
If the price breaks through 1.1154, consider selling, the first target price is 1.1113
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