EUR/USD pulled back as traders focused on Euro Area inflation data.
EUR/USD pulled back as traders focused on Euro Area inflation reports. Inflation Rate increased from 2% in August to 2.2% in September, while Core Inflation Rate remained unchanged at 2.3%. Both reports met analyst estimates.
If EUR/USD settles below the 1.1720 level, it will get to the test of the nearest support level at 1.1685 – 1.1700.
