Euro surged more than 3% off the January lows against the US Dollar with EUR/USD threatening a breakout today on the heels of a hotter than expected US inflation print today. January CPI recorded another 40-year high with headline inflation now running at 7.5%. The initial USD strength was quickly faded with Euro once again probing a key resistance confluence. These are the updated targets and invalidation levels that matter on the EUR/USD technical price charts heading into the close of the week. Review my latest Strategy Webinar for an in-depth breakdown of this Euro technical setup and more.
